- ETH appears to be forming an inverse head-and-shoulders on the ETH/BTC chart, signaling a possible bullish reversal.
- A decisive breakout above the neckline near 0.042 BTC (≈ $1,890 at $45,000/BTC) would target about 0.066 BTC (≈ $2,970).
- The same pattern resolved with a similar breakout in 2019–2021 after a period of Ether underperformance.
- Shorter time frames show a bear pennant that, if it breaks down, could push the pair to 0.024–0.025 BTC (≈ $1,080–$1,125).
- Analyst Michael van de Poppe has stated the pair bottomed in April 2025 and expects further gains in 2026.
As of Monday, Ether’s native token, ETH, appears to be forming the right shoulder of an inverse head-and-shoulders pattern against Bitcoin (BTC) on the ETH/BTC chart, a structure that often precedes bullish reversals if the price clears the neckline. The neckline sits near 0.042 BTC (≈ $1,890 at $45,000/BTC); a decisive breakout above it would imply an upside target near 0.066 BTC (≈ $2,970). See the weekly chart for the pattern here: weekly chart.
The target comes from measuring the distance between the head’s low and the neckline, a standard way to project the pattern’s upside. A comparable inverse head-and-shoulders on the ETH/BTC pair unfolded between 2019 and 2021 and resolved with roughly the same percentage breakout above its neckline. A second weekly chart illustrating the historical structure is available here: weekly chart (historical).
On the downside, shorter-term charts show a bear pennant that typically signals trend continuation after a sharp drop. A confirmed breakdown from that pennant would likely target roughly 0.024–0.025 BTC (≈ $1,080–$1,125). The three-day chart that highlights the pennant can be viewed here: three-day chart.
The bullish reversal thesis would be invalidated if ETH/BTC fails to complete the right shoulder and instead breaks lower from current consolidation, which would keep Ether’s relative downtrend against Bitcoin intact. Analyst Michael van de Poppe has offered a similar outlook, saying the pair bottomed in April 2025 and is positioned for further gains in 2026.
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