- ETH/BTC shows bullish divergence, signaling a potential reversal from key support.
- Holding 0.05-0.06 support could trigger an altcoin rally, while a breakdown risks losses.
- Ethereum’s next move will decide Bitcoin dominance and impact the broader crypto market.
Ethereum—ETH, is flashing a major bullish signal against Bitcoin. The weekly chart shows a strong divergence, hinting at a potential reversal. A key demand zone now stands between Ethereum and further downside. Buyers have stepped in at this level before, preventing sharp declines. If history repeats, a strong bounce could be near. A breakdown, however, could shake the entire altcoin market. Will Ethereum hold this level and trigger an altcoin rally? Let’s break it down.
$ETH/BTC printed a Massive Bullish Divergence on the weekly chart 👀
IMO a strong bounce/reversal is just around the corner
🧲 0.05-0.06 (EMA200 + MA200 pocket) pic.twitter.com/MbH21afgu2
— CryptoBullet (@CryptoBullet1) February 18, 2025
ETH/BTC at a Critical Juncture
ETH/BTC trades near 0.05-0.06, a zone packed with technical support. Both the EMA200 and MA200 align in this range, creating a strong floor for buyers. Holding this level could spark a sharp reversal, pushing Ethereum higher against Bitcoin. A bullish divergence on the weekly chart signals fading bearish momentum.
Selling pressure appears to be weakening, giving bulls a chance to take control. If buyers defend this zone, a breakout could follow, bringing strength back to Ethereum. The broader crypto market depends on Ethereum’s next move. A bounce could send altcoins soaring, while a breakdown may trigger heavy losses. The next few days will decide the direction.
The Altcoin Domino Effect
ETH/BTC plays a major role in the altcoin market. A breakdown from this demand zone could signal rising Bitcoin dominance. When BTC.D climbs, altcoins usually struggle, losing value as traders shift focus to Bitcoin.
A bounce in ETH/BTC, however, could flip the market trend. A strong move upward would likely weaken Bitcoin dominance, creating the perfect setup for an altcoin rally. This pattern has repeated many times in past cycles. A similar outcome could unfold again.
Ethereum faces a defining moment. A bounce from this level may trigger a wave of bullish momentum, lifting altcoins across the board. A breakdown, however, could lead to deeper corrections. The market now waits for confirmation, with major moves likely ahead.
