Crypto Updates

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

Follow Crypto Briefing on Google News

Key Takeaways

  • ETH/BTC trading pair has reached its lowest level in over three years, falling to 0.03508.
  • Historical patterns suggest that Ethereum may experience further declines against Bitcoin.

Share this article

Ethereum’s valuation against Bitcoin (ETH/BTC) has reached a new low of 0.03508, at the time of writing, marking its lowest level since April 2021.

ETH/BTC Chart (TradingView)

This decline to a 3.5-year low has intensified discussions around Ethereum’s market cycle and its potential approach to its lower logarithmic regression trend line that has historically provided support during bearish phases. 

Analyst Benjamin Cowen suggests that ETH could reach this level in the coming weeks before 2025, as part of a broader cycle reset.

This low aligns with patterns observed in 2016 and 2019, where Ethereum experienced significant drops before finding stability and rebounding.

Despite previous optimism surrounding the merge and several ETFs approvals, Ethereum’s valuation against Bitcoin has steadily declined, following a trajectory that echoes past cycles.

Analysts suggest that if this level is reached, it could provide a foundation for consolidation before a more durable uptrend begins.

The 50-day simple moving average (SMA) for ETH/BTC, is being closely watched as an indicator of a potential bottom. 

Historically, when ETH/BTC crosses above this level, it has signaled a possible trend reversal, making it a key level to watch in the coming weeks.

With ETH/BTC at its lowest point in…

Click Here to Read the Full Original Article at Markets Archives – Crypto Briefing…