ETH price is trading near 0.0345 against BTC, slipping about 0.6% on the day, but the bigger picture shows Ethereum holding a crucial base against Bitcoin. After months of bleeding lower, the pair has shifted into a tighter range, suggesting sellers are losing control. Volume remains steady, pointing to cautious positioning rather than aggressive speculation. With ETH/BTC defending an important support band and trying to push higher, traders are watching closely because sustained strength in this pair often signals improving conditions for large-cap altcoins.
ETH/BTC acts like a market “rotation gauge.” When it rises, Ethereum is outperforming Bitcoin, and that typically encourages capital to broaden into altcoins. Right now, ETH/BTC is not exploding higher, but it is grinding upward, which often precedes acceleration if resistance breaks. The key question is whether this strength can persist long enough to trigger a larger shift in risk appetite, especially if Bitcoin stays stable and does not pull liquidity back into BTC-only trades.
On the daily chart, ETH/BTC is consolidating around 0.0345 after forming a base above a marked demand zone near 0.0333–0.0338. Price is holding above the rising 200-day moving average (red), a constructive sign for trend stability, while the 200MA ribbon/overhead average (blue) still acts as a ceiling. A clean break and hold above 0.0350–0.0355 can open 0.0368–0.0380 next. Losing 0.0333 risks a slide toward 0.0320.
ETH/BTC is sending a quiet but important message: Ethereum is holding its ground instead of bleeding out against Bitcoin. If this steady outperformance continues, it can improve confidence across major altcoins and support a broader rotation. But the move still needs confirmation. Traders will watch whether ETH/BTC can push into higher territory without immediately fading and whether Bitcoin remains stable enough to keep risk appetite intact. If both align, altcoins may finally get a stronger tailwind.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
