Ethereum Builds Strength Against Bitcoin: Breakout Prediction Above 0.02 BTC
2025-06-30 01:08:34
Main Idea
Ethereum is showing signs of strength against Bitcoin, with analysts predicting a potential breakout above the 0.02325 BTC level, which could lead to Ethereum outperforming Bitcoin and possibly triggering an altcoin season.
Key Points
1. Ethereum has gained traction since April, with ETFs in the US contributing to a shift in its price behavior.
2. Crypto analyst Michaël van de Poppe identifies the 0.02325 level on the ETH/BTC pair as a critical threshold for Ethereum to outperform Bitcoin.
3. The ETH/BTC pair has been forming higher lows since last week, indicating potential for an upward breakout.
4. If Ethereum closes convincingly above 0.02325 BTC, it could enter a phase of outperformance and possibly trigger an altcoin season.
5. At the time of writing, Ethereum is trading at $2,440, showing a 0.5% increase in the past 24 hours, with potential to retest the $2,500 level.
Description
Ethereum has taken a backseat to Bitcoin’s dominance for most of the past year by trailing in performance and growth of market dominance. But since the start of April, the second-largest cryptocurrency by market cap has gained traction , showing early signs of strength, particularly with inflows into spot Ethereum ETFs in the US. This has caused a shift in Ethereum’s price behavior, especially against Bitcoin. Crypto analyst Michaël van de Poppe took to social media platform X to share his lates...
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