After months of losing ground to Bitcoin, Ethereum may be close to a turning point, according to a fresh technical read from analyst CrediBULL Crypto. The outlook points to exhaustion in the ETH/BTC sell-off and sets clear levels to watch for a potential rebound.
What the charts show
- ETH/BTC (12-hour): Since peaking near 0.0420 in mid-2025, the ETH/BTC ratio has carved a multimonth decline framed by Elliott Wave analysis as a completed five-wave impulse followed by a corrective (w)-(x)-(y) structure. The pair has compressed between February and March into a macro support band roughly between 0.02143 and 0.02626—a zone the analyst says has historically marked sell-off exhaustion and now looks like a bottom.
- CrediBULL’s projection calls for a wave (x) recovery that could lift ETH about 20% versus BTC. A key inflection: reclaiming the former range lows around 0.0308–0.031 (now resistance). If that level holds as resistance, the bullish scenario would likely be delayed, but current price action shows repeated attempts to push higher.
ETH vs. USD: range and accumulation
- On a shorter timeframe (ETH/USD 30-minute), CrediBULL overlays a Wyckoff Accumulation schematic. Price is trading just above $2,000, sitting comfortably above a notable support area near $1,900–$1,950, where multiple reactions have occurred.
- Above lies a resistance band near $2,120–$2,200. The analyst’s path higher envisions a brief retest of support below $1,900 before an upside resolution that breaks through that resistance and pushes ETH toward $2,400 and potentially higher.
Key levels to watch
- ETH/BTC support zone: ~0.02143–0.02626
- ETH/BTC critical resistance to reclaim: ~0.0308–0.031
- ETH/USD support: ~$1,900–$1,950
- ETH/USD resistance: ~$2,120–$2,200
- Upside target suggested: ~$2,400+
Bottom line
CrediBULL Crypto sees the ETH/BTC pair settling into a support area that could mark the end of the downtrend and set up a corrective bounce—provided ETH can clear the 0.0308–0.031 hurdle. The ETH/USD chart complements that view with a Wyckoff-style accumulation thesis and a scenario that includes a shallow retest before resuming higher. As always, technical scenarios are probabilistic; traders should weigh risk management and confirmation before assuming the breakout is underway.
Source: CrediBULL Crypto (X).
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