Is the Decade-Long ETH/BTC Flip Finally Here?

The $ETH price prediction stays bullish as price pushes into a key resistance zone that’s capped every rally attempt since May, backed by accelerating ETF inflows and a wave of analysts calling for a structural shift in Ethereum’s performance against Bitcoin.

Ethereum Price Analysis: Will $ETH Price Go Up After Testing $2,450 Resistance?

$ETH surged sharply this week, breaking above a rising trendline connecting a series of higher lows since the June bottom near $1,520, and pushed straight into the $2,450 resistance zone that has capped every recovery attempt since May. Price touched a high of $2,466.89 before pulling back slightly to $2,454.70.

Two scenarios are in play from here. Either $ETH breaks directly above $2,450 and continues higher, or it pulls back first to retest the rising trendline before making another attempt at the breakout. RSI currently reads 78.10, in overbought territory above the 70 threshold, which often precedes a short term cooldown even within an uptrend. All four EMAs sit well below current price, with the 20-day at $2,126.19 the nearest support, followed by the 200-day at $2,139.42 and the 100-day at $1,972.88.

$ETH Support and Resistance Levels, August 24, 2026

Ethereum News: Tom Lee Says $ETH Rotation Is a Decade in the Making

Fundstrat’s Tom Lee said the rotation into $ETH is “nearly a decade in the making,” responding to a chart from analyst Don showing the $ETH/$BTC ratio breaking out of a multi-year descending trendline. The chart shows $ETH/$BTC climbing to 0.17970 after grinding lower in a falling wedge pattern since 2018, with the breakout suggesting Ethereum may be entering a period of outperformance against Bitcoin after years of relative decline.

Analyst Michaël van de Poppe echoed the same bullish structure, saying the $ETH/$BTC chart looks strong and that holding above the 0.03 level could set up a bigger breakout over the coming months, with a potential target of 0.044. Van de Poppe tied the move to building momentum ahead of the Clarity Act’s expected approval, which he expects to lift the broader market.

Separately, analyst borovik said he is extremely bullish on $ETH this cycle, arguing the global financial system will increasingly run on Ethereum and that $10,000 $ETH will feel cheap within two to three years.

Meanwhile, analyst Ted made a similar long-term call, comparing $ETH’s current setup to Netflix’s early growth story and predicting $10,000 $ETH by 2029. These are long-term, speculative price targets from individual analysts and should be treated as opinion rather than guaranteed outcomes.

Ethereum News: ETF Inflows Accelerate for Five Straight Days

Spot $ETH ETFs pulled in $693M in net inflows over five consecutive trading days, according to analyst Emperor Osmo, with daily inflows accelerating each session from $31M to $71M to $187M to $220M and finally $184M.

Public company treasuries now hold approximately $18.8B in $ETH, representing about 6.4% of circulating supply, a figure Osmo characterized as long term buying rather than short term trading activity.

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$ETH is up 28% over the past seven days, and total value locked across Ethereum’s mainnet has climbed 19% over the same period to $48.7B, suggesting capital is flowing into the network alongside the price move rather than merely following it from the sidelines.

Ethereum Derivatives: Volume Rises as Longs Dominate Positioning

Ethereum’s derivatives volume climbed 14.84% to $48.17B over the past 24 hours, while open interest, the total money locked into open positions, rose 2.20% to $31.91B, showing both more trading activity and more capital staying committed to open bets. Options volume also increased, up 10.45% to $1.37B.

Positioning is heavily tilted toward longs across major exchanges. Binance shows more than 2 long positions for every short, and OKX shows 1.19, meaning traders remain broadly positioned for continued upside.

That long-heavy positioning shows up clearly in liquidations, which happen when a leveraged bet gets forcibly closed after price moves against it.

Of the $97.12M liquidated over the past 24 hours, $59.38M came from short sellers getting squeezed as price pushed higher, while longs lost $37.74M. That pattern held over the past 12 hours too, with shorts again taking the larger share of losses, suggesting sellers have continued getting caught out as $ETH pushes into resistance.

$ETH Price Prediction: Upside and Downside Targets

Bullish Case, Target: $2,700

$ETH breaks directly above the $2,450 to $2,466.89 resistance zone on a daily close, avoiding a deeper pullback to the rising trendline. Continued ETF inflow acceleration, rising treasury holdings, and the $ETH/$BTC breakout analysts have flagged all reinforce the bullish case, while short liquidations continue adding fuel to the move. A confirmed breakout opens the path toward $2,700.

Bearish Case, Risk Level: $2,126.19 (20-day EMA)

$ETH fails to clear resistance and pulls back to retest the rising trendline before any further move higher, consistent with the second scenario marked on the chart. Overbought RSI conditions add to the case for a cooldown, and if ETF inflows or treasury buying slow down, price could fall further toward the 20-day EMA at $2,126.19.

Conclusion

This setup has an unusual amount of fundamental support for a chart that’s also flashing a classic overbought warning at the same time. Five straight days of accelerating ETF inflows, a genuine $ETH/$BTC trendline break, and treasury buying that looks like accumulation rather than trading are all independent signals pointing the same direction.

RSI at 78.10 doesn’t contradict that case, but it does mean the path to $2,700 may run through a pullback to the rising trendline first rather than a clean break above $2,450. The long-term $10,000 targets floated by individual analysts are worth noting as sentiment, not as a basis for near-term expectations.

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