Prominent trader Eugene Ng Ah Sio has outlined critical thresholds for Ethereum’s potential bullish performance relative to Bitcoin, focusing on the ETH/BTC exchange rate.
Ng emphasizes that a decisive breakout above the 0.027 level is essential to confirm a significant structural shift for Ethereum against Bitcoin. This move beyond the established 0.022-0.027 trading range would signal stronger momentum for ETH.
The analyst sets an immediate target of 0.03 for the ETH/BTC pair following such a breakout. Furthermore, Ng suggests that if Ethereum can sustain a price level above $4,000, it could establish a foundation for a longer-term target exceeding 0.04 on the ETH/BTC chart.
Ng’s analysis underscores that achieving these targets is contingent upon sustained price stability and favorable market conditions supporting Ethereum’s upward trajectory against Bitcoin.