Ethereum is back to a point on its Bitcoin pair where price action always begins to ask a hazardous question: Is ETH still feeble, or is it priced for another rotation?
A up-to-date ETH/BTC chart shared by crypto analyst BLADE shows Ethereum falling through 14 straight lower closes against Bitcoin, pushing the pair below the same relative zone of strength during the February low. The configuration matters because the last visit to this area was at a lot of pessimism around Ether. A few weeks later, ETH began to outperform Bitcoin, and the move ultimately pushed Ethereum above $2,450.
Ethereum is back in the same ETH/BTC buying zone
EDGE analysis focuses on Ethereum/Bitcoin pair, where ETH went into a clear short-term collapse against BTC after weeks of consistent indigent performance. In April, the pair was trading above 0.0313, but that level subsided as sellers continued to pressure Ethereum against Bitcoin.
By May, the ETH/BTC rate had dropped below 0.027 after posting 14 consecutive lower closes, pushing it to its lowest level since July 2025. This decline means that Ethereum’s price is not only falling in dollar terms or struggling against the broader cryptocurrency market, but is also losing ground directly against Bitcoin.
However, the last red candle on the ETH/BTC pair turned out to be a doji candlestick, which is the largest candle of indecision. The current candle is still green and Ethereum’s price is currently able to outpace Bitcoin’s price.
Interestingly, the deeper point of the BLADE analysis is where the pair’s decline occurred. The ETH/BTC RSI indicator has returned to the same support zone that emerged near the February low, near the lower 30s of the indicator. This zone is marked on the chart below as the area where the dynamics were extended so much in February that Ethereum began to make up for its losses against Bitcoin.
What’s next for Ethereum?
At the time of writing, the ETH/BTC pair is trading at 0.02835, approximately 35% below its August 2025 high of 0.0434. This was the last time Ethereum’s price was at its peak over Bitcoin, leading to a break above $4,000 and the current all-time high of $4,946.
The current configuration of Ethereum is not identical to the configuration in August 2025, but the rhythm is similar enough. The pair returned to the same momentum support area and the lower close sequence was extended. The pair must now stop printing lower closes and regain the breakout zone and Ethereum starting to see more influence compared to Bitcoin, especially as is currently the case with BTC dropped below $70,000 in the last 24 hours.
However, Ethereum has also not been immune to broader market weakness, in the case of ETH also dropped below $2,000 in the last 24 hours.
Featured image from Freepik, chart from Tradingview.com
