Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025
As the cryptocurrency market prepares to end the year, Ethereum price Relative to Bitcoin (BTC) showing strength as it targets a mid-to-high time frame reversal. A break above key resistance could signal a potential shift in price action, paving the way for Ethereum dominance and a potential rebound in the first quarter of 2025.
Ethereum price expected to break above Bitcoin
A Cryptocurrency Analyst Known as “Daan Crypto Trades” shared Price chart representing the ETH/BTC trading pair, providing detailed analysis probability of reversal and its impact on altcoin market strength. Ethereum price is trying to form higher lows near 0.786, according to analyst X (ex-Twitter) post Fibonacci retracement levels 0.0337, marking the beginning of a potential trend reversal for Bitcoin.
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The 0.786 Fibonacci level appears to be a strong support area, indicating a possible bearish to bullish shift. Daan also revealed that the 0.04 BTC level has become key resistance level A break above this point is needed for further bullish momentum to emerge.
Analysts stress that breakthrough 0.04 Bitcoin level A mid to high time frame trend reversal will be confirmed. If this occurs, there may be significant Eroding Bitcoin’s Dominance And shows the growing strength of altcoins, especially Ethereum.
In the context of ETH/BTC analysis, mid-to-high time frame reversals indicate: Ethereum could establish a bullish trend Over the next few weeks to months. This time frame is also used to evaluate broader trends rather than short-term price movements.
Looking ahead, Daan revealed that the ETH/BTC trading pair has historically performed well in the first quarter of the year, in line with seasonal trends that typically favor altcoins. If this historical pattern holds true, analysts believe that Bitcoin’s breakout of the 0.04 level could lead to a significant rebound in the Ethereum and altcoin markets.
In addition, this time it is expected that A rebound expected in the first quarter of 2025As the analyst’s chart shows, Bitcoin surged significantly from the 0.040 BTC level to the 0.046 mark.
Impact on altcoin season
If Ethereum breaks through the 0.04 BTC level, it could mark the beginning of a bullish phase, not just for the second-largest cryptocurrency but for the broader space Altcoin Market. Historically, Ethereum’s market performance has been a measure of altcoin strength.
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If Bitcoin’s dominance declines, it could trigger a surge in investor interest and demand for altcoins. Currently, Bitcoin dominance is permanent 57.8%, which is still relatively high despite falling prices and market volatility.
for Altcoin season is in full swingthe market’s attention needs to shift from Bitcoin to alternative cryptocurrencies. A crypto analyst dubbed “Crypto Wanderer” disclosed in a report recent posts Bitcoin dominance is undergoing a bearish retest and could drop to 42%.
Analysts assert that if this happens, it would be very bullish for altcoins and could mark the start of the expected altcoin season.
Featured image created using Dall.E, chart from Tradingview.com
