Ether Shows Strength Against Bitcoin, Fueling Optimism for a Bullish Breakout
Ether (ETH) is displaying unusual resilience against bitcoin (BTC) on a broadly weak market day—a pattern rarely seen when risk sentiment is under pressure.
While bitcoin has dropped more than 2% to around $97,200, ether is holding steady near $3,230, according to CoinDesk data. This divergence has pushed the ETH/BTC ratio up over 2%, underscoring ETH’s relative outperformance.
Against that backdrop, here are three important charts to watch:
ETH/BTC Ratio
The ETH/BTC pair on Binance remains trapped within a counter-trend downward channel, representing a consolidation phase following the strong rally from May to August. The channel’s mild downward slope indicates a pause rather than a full bearish reversal.
A breakout above the channel would reinforce investor rotation back into ether, suggesting room for further gains in the ratio. Meanwhile, the MACD histogram is nearing a cross above zero—a potential early signal of bullish momentum returning.
Ether (USD Pair)
Ether’s price action against the dollar mirrors the ETH/BTC consolidation. The token is trading within its own downward channel, with repeated long lower wicks near the $3,000 level hinting at seller exhaustion.
This setup leaves room for a rebound, but a decisive breakout above the channel is needed to confirm a broader bullish shift.
XRP/BTC Ratio
If ether manages a strong upside move, it could ignite similar rallies across major altcoins—particularly XRP. The XRP/BTC ratio has been compressing inside a four-year range, steadily building pressure for a significant breakout.
A sustained ether rally could act as the catalyst for XRP/BTC to finally resolve higher, potentially unlocking notable upside for the token.























