The ether token Ethereum (ETH) is approaching the critical price zone against Bitcoin (BTC), which historically meant the beginning of a huge reflection.
The ETH price fractal from 2019 at the bottom
The ETH/BTC pair, which currently trades near 0.019 BTC, is approaching 0.016 BTC – the exact level he reached in September 2019, and will also accumulate almost 450% in the following year.
The current ETH/BTC configuration resembles 2019, with both periods marked by supra -resistant relative strength indicators (RSI), long sections below the key medium movable and a decline in many years.
In 2019, ETH/BTC fell by more than 90% in the previous two years, powered by ICO collapse.
From 2025, the couple fell by more than 80% compared to the 2021 peak, weighing skepticism Above the transition of Ethereum to proof of the rate (POS), growing competition and the growing dominance of Bitcoin as institutional assets.
In response to the growing fears, the co -founder of Ethereum, Vitalik Buterin, proposed modern architecture and standards of the entire protocol so that Ethereum is simpler, faster and preserved like Bitcoin in five years.
Related: Ethereum to simplify transition transactions with modern token standards
One analyst called Buterin’s proposal “The most stubborn thing for ETH”.
Liquid hopes appear when ETH/BTC tries to free itself from the long -term “Beselish Parabola”. This resistance curve played a key role in limiting the attempt to grow up steam since December 2021, but showed signs of exhaustion from May 3.
“We can see the end of this bear’s bear,” wrote Chartist Jim.
He noticed that if the curved resistance persists, ETH/BTC could fall towards 0.016 BTC – at the same level in which he reached the bottom in September 2019 before erecting about 450%.
Flush Eth and buy bitcoins, says Adam
Skeptics, such as the pioneer of the proof of Bitcoin, Adam Back, to argue This memory overlook deeper designing defects, while proposing simplification of Ethereum in the coming years.
Back criticizes the Ethereum account system, saying that it adds unnecessary complexity compared to the simpler UTXO Bitcoin model (incompetent transaction output). He claims that this growing complexity increases technical risk and hinders the scaling and protection of Ethereum.
He also warns that the postponement of Ethereum on POS focused among outsiders by redirecting miners’ prizes on enormous tokens.
“At this point, simply rinse ETH before he reaches zero and buy bitcoins,” he wrote, suggesting that no update can fix what he considers the faulty foundation of Ethereum.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
