- Ethereum’s Ether (ETH) could rise by up to 75% against Bitcoin (BTC) by the end of the year.
- The ETH/BTC trading chart is showing an inverse head-and-shoulders reversal pattern starting from September.
- A possible “golden cross” between key moving averages could drive further price increases.
- Major resistance levels at the 200-week average and a long-term trendline could challenge ETH’s breakout.
- Even moderate gains would put Ether’s growth between 15% and 30% relative to Bitcoin before year-end.
Ethereum’s native token, Ether (ETH), may surge as much as 75% relative to Bitcoin (BTC) by the end of the year. This projection comes after technical signals on the ETH/BTC weekly chart indicated a potential strong reversal for Ether.
The ETH/BTC pair has been tracing what analysts recognize as an inverse head-and-shoulders (IH&S) pattern since September. This pattern, known for marking bullish reversals, is identified by three price troughs—one central and deeper than the others—beneath a shared “neckline” resistance near 0.0420 BTC. If the price moves above this level, the target for ETH could be as high as 0.066 BTC, which is roughly 75% higher than current prices.
Other positive signs include the expected formation of a “golden cross” on the chart, when Ethereum’s 20-week exponential moving average (EMA) crosses above its 50-week EMA. According to previous data, the last time this happened in July 2020, ETH/BTC rose by 250% following an initial pullback.
Analysts caution that ETH/BTC faces strong resistance before a full breakout can occur. The 200-week EMA, located near 0.045 BTC, has rejected price increases for the past two years. A further challenge is a long-term downward trendline starting from 2017, now in the 0.050–0.055 BTC zone, which could serve as another barrier if ETH/BTC moves higher.
Even if ETH does not hit the upper target, it still shows the potential for gains of 15–30% against BTC before the year ends. For more on analyst predictions, see related coverage: Bitcoin, Ether could make ‘monster move’ in next 3 months: Tom Lee.
This article does not offer investment advice. All trading involves risk, and readers should conduct their own research before making financial decisions.
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