{"id":128532,"date":"2025-05-03T18:22:13","date_gmt":"2025-05-03T18:22:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128532"},"modified":"2025-05-03T18:22:13","modified_gmt":"2025-05-03T18:22:13","slug":"ethereum-nears-key-bitcoin-price-level-that-last-time-sparked-450-gains","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128532","title":{"rendered":"Ethereum nears key Bitcoin price level that last time sparked 450% gains"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsEthereum\u2019s Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which historically marked the beginning of a massive rebound.<br \/>\nETH price fractal from 2019 hints at bottom<br \/>\nThe ETH\/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC \u2014 the exact level it reached in September 2019 before rallying nearly 450% over the following year.<br \/>\nETH\/BTC weekly performance chart. Source: TradingViewThe current ETH\/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI), long stretches below key moving averages, and multiyear declines.<br \/>\nIn 2019, ETH\/BTC fell over 90% in the prior two years, driven by the ICO collapse.<br \/>\nAs of 2025, the pair is down over 80% from its 2021 peak, weighed by skepticism over Ethereum\u2019s switch to proof-of-stake (PoS), rising competition, and Bitcoin\u2019s growing dominance as an institutional asset.<br \/>\nIn response to the growing concerns, Ethereum co-founder Vitalik Buterin has proposed new architecture and protocol-wide standards to make Ethereum simpler, faster, and as maintainable as Bitcoin within five years.<br \/>\nRelated: Ethereum to simplify crosschain transactions with new token standards<br \/>\nOne analyst called Buterin\u2019s proposal \u201cthe most bullish thing for ETH.\u201d<br \/>\nThe bullish hopes come as ETH\/BTC attempts to break free from its multi-year \u201cbearish parabola.\u201d This resistance curve has been instrumental in limiting the pair\u2019s upside attempts since December 2021 but showed signs of exhaustion as of May 3.<br \/>\nEdit the caption here or remove the text\u201cWe might see an end of this bearish parabola,\u201d wrote chartist Jimie.<br \/>\nHe noted that if the curved resistance holds, ETH\/BTC could drop toward 0.016 BTC \u2014 the same level where it bottomed in September 2019 before rallying by roughly 450%.<br \/>\nFlush ETH and buy Bitcoin, says\u00a0Adam Back<br \/>\nSkeptics like Bitcoin\u2019s\u00a0proof-of-work pioneer,\u00a0Adam Back,\u00a0argue\u00a0that Buterin is overlooking deeper design flaws while proposing to simplify Ethereum in the coming years.<br \/>\nBack criticizes Ethereum\u2019s account-based system, saying it adds unnecessary complexity compared to Bitcoin\u2019s simpler UTXO (unspent transaction output) model. He argues this growing complexity increases technical risks and makes Ethereum harder to scale and secure.<br \/>\nSource: X\/Adam BackHe also warns that Ethereum\u2019s shift to PoS has concentrated power among insiders by redirecting miner rewards to large tokenholders.<br \/>\n\u201cAt this point, just flush ETH before it hits zero and buy Bitcoin,\u201d he wrote, suggesting no upgrade can fix what he views as Ethereum\u2019s flawed foundation.<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/ethereum-nears-key-bitcoin-price-level-last-time-450-gains?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsEthereum\u2019s Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which historically marked the beginning of a massive rebound. ETH price fractal from 2019 hints&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128532"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128532"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128532\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128532"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}