Three Critical Charts Highlighting Ether’s Growing Advantage Over Bitcoin

Ether Outperforms Bitcoin, Boosting Expectations of a Bullish Breakout

Ether (ETH) is showing rare strength against bitcoin (BTC) on a day when broader crypto markets are facing selling pressure—a dynamic not commonly observed during risk-off conditions.

Bitcoin has fallen more than 2% to roughly $97,200, yet ether is holding firm around $3,230, according to data from CoinDesk. This divergence has pushed the ETH/BTC ratio higher by over 2%, signaling clear relative strength in favor of ETH.

Here are three charts that help frame the current market setup:

ETH/BTC Ratio

The ETH/BTC pair on Binance remains locked inside a counter-trend downward channel, representing a period of consolidation after the sharp May–August advance. Given the channel’s gentle slope, the structure appears more like a cooling-off phase than a true bearish reversal.

A breakout above this channel would confirm renewed investor preference for ether and could pave the way for additional gains in the ratio. Notably, the MACD histogram is close to flipping positive, hinting at a potential shift in momentum toward the bulls.

Ether (USD Chart)

Ether’s dollar price mirrors the ratio’s structure, trading within its own downward channel. Recent daily candles show long lower wicks near the $3,000 level—evidence of buyers absorbing selling pressure and early signs of exhaustion among bears.

While this setup provides room for a rebound, a convincing breakout above the channel remains essential to validate a sustained bullish trend.

XRP/BTC Ratio

A strong move in ether—often seen as the bellwether for altcoins—could spill over into other major tokens. XRP in particular stands out, with the XRP/BTC ratio continuing to compress within a multi-year range.

This prolonged consolidation suggests pent-up potential for a significant move. Should ether break higher, it could serve as the trigger for an XRP/BTC breakout, opening the door to meaningful upside.

About The Author

ctleditor

See author's posts