Ethereum has staged a strong performance over the previous 24 hours, with its value rallying near its earlier all-time excessive. In keeping with knowledge from CoinGecko, ETH climbed as excessive as $4,837, only a contact beneath its 2021 peak of $4,878. The surge got here after Federal Reserve Chair Jerome Powell’s speech at Jackson Gap, where he hinted that long-awaited charge cuts could be coming quickly.
Apparently, Ethereum shouldn’t be solely performing effectively in opposition to the greenback but also against Bitcoin, the place technical evaluation reveals a long-awaited structural trendline seems to be breaking in Ethereum’s favor.
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Analyst Calls Out ETH/BTC Breakout
In keeping with a latest technical evaluation, which was first revealed on the social media platform X by crypto analyst Ted Pillows, Ethereum is about to go on an enormous efficiency in opposition to Bitcoin. Ted Pillows famous that the ETH/BTC breakout has lastly occurred after practically eight years of repeated resistance rejections.
The evaluation, which relies on the 2-week (2W) timeframe of the ETH/BTC pair, reveals Ethereum’s value motion breaking decisively above a long-term descending trendline that has held since 2017. On the time of the evaluation, the ETH/BTC pair was buying and selling round 0.04077 after a 7% value acquire for Ethereum.
Apparently, the chart reveals how the ETH/BTC pair has been making an attempt a number of instances to interrupt above this descending trendline with no success. The most recent try, which has seen it method the trendline once more, kicked off in July 2025, and has been enjoying out for the previous few weeks. The latest 2-week candlestick has now seen the ETH/BTC peeking above the trendline.
Chart Image From X: Ted Pillows
Nonetheless, Pillows tempered his optimism with a caveat: “I simply desire a 2W affirmation above this stage, and also you’ll be shocked to see the Ethereum rally,” he stated. This implies affirmation is necessary to ensure that Ethereum to proceed outperforming Bitcoin. The breakout will likely be validated as soon as the 2-week candle closes above resistance, and this would possibly then flip the previous downtrend right into a base of help on the ETH/BTC pair.
$5,400 Bull Flag Goal
One other analyst, Titan of Crypto, noted a bullish setup on the shorter-term 4-hour ETH/USD chart. Technical evaluation of the 4-hour candlestick timeframe chart reveals Ethereum is presently breaking out of a well-defined bull flag formation, which is a continuation sample that sometimes seems in the course of a development.
The breakout, already underway, kicked off when Ethereum broke above $4,200 in August. The analyst predicted a value goal round $5,400 to $5,477, which implies Ethereum couldn’t solely retest but in addition break above its all-time excessive and enter into new value territories above $5,000.
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On the time of writing, Ethereum was buying and selling at $4,748.
Featured picture from Unsplash, chart from TradingView
