Opinion: ETH/BTC Breaks Five-Month Downtrend, Traders Predict Potential 170% Surge

ChainCatcher reported that the price movement of ETH/BTC is repeating the pattern seen during the 2021 bull market. Trader Mags posted on X that ETH/BTC has reached the exact low point it hit before the last bull run in 2021, and is currently at the same support level as before the 170% price surge that year. If it rises by the same magnitude, ETH/BTC could reach 0.092, equivalent to $8,500.

Digital asset lawyer Joe Carlasare pointed out that ETH/BTC has broken out of a downtrend that lasted nearly half a year. Trader Michaël van de Poppe stated that if ETH can hold the previous resistance zone as support, it indicates that buyers are willing to enter at higher prices, suggesting that the price could rise to $3,700. In addition, Michaël van de Poppe believes that if $91,500 can serve as a support level, the price of BTC could test $100,000 next week.