Opinion: ETH/BTC breaks through a five-month downtrend; traders predict a potential 170% increase.
According to Odaily Planet Daily, the price movement of ETH/BTC is mirroring the pattern of the 2021 bull market. Trader Mags posted on the X platform that ETH/BTC has reached the precise low point reached before the previous bull run in 2021, and is currently at the same support level as before the 170% price surge that year. If it rises to this level, ETH/BTC could reach 0.092, equivalent to $8,500. Digital asset lawyer Joe Carlasare pointed out that ETH/BTC has broken through a nearly six-month downtrend. Trader Michaël van de Poppe stated that if ETH can hold the previous resistance zone as support, it indicates that buyers are willing to enter at higher prices, suggesting a potential rise to $3,700. Furthermore, Michaël van de Poppe believes that if $91,500 can act as support, the BTC price could test $100,000 next week.
