Ethereum’s ETH token has surged over 10% from recent lows against Bitcoin, sparking speculation that a trend reversal may be on the horizon. As ETH/BTC begins to show bullish divergence on key charts, is this the start of a long-awaited comeback?
🔥 ETH/BTC Sees Strong Bounce from All-Time Lows
The ETH to BTC exchange rate recently hit a record low near 0.0175 BTC, marking one of the most prolonged underperformances Ethereum has seen since 2017. However, in just 48 hours, ETH rebounded over 10.42%, trading as high as 0.019 BTC on April 24, 2025.
This surge is attracting trader attention, especially as Ethereum begins forming a bullish divergence on the daily Relative Strength Index (RSI) — a key signal that often precedes trend reversals in crypto markets.
📉 Bullish Divergence: A Turning Point for ETH?
The daily RSI for ETH/BTC is now printing higher lows, even as price action continued to form lower lows — a textbook case of bullish divergence. This pattern was last seen in November 2024, which led to a sharp 24% rally for Ethereum relative to Bitcoin.
With similar conditions developing again, many traders are now eyeing the 50-day Exponential Moving Average (EMA) at 0.021 BTC as the next key target. A successful retest of this level could signal a 15% upside from current levels.
📊 Technical Breakout: ETH Reclaims Ground in Short-Term Charts
On the 2-hour timeframe, Ethereum recently broke out of a descending triangle pattern, confirming short-term bullish momentum. The breakout followed a failed breakdown — often a bear trap — where sellers were overpowered by buyers, leading to a rapid recovery.
ETH/BTC is now consolidating near 0.01917 BTC, with volume rising — a strong confirmation signal. The next upside target is 0.02051 BTC, a gain of over 7% if the current trend continues.
🧠 What Traders Should Watch Next
- Key Resistance: ETH is now testing its 200-period EMA around 0.01935 BTC. A confirmed close above this level could fuel further bullish momentum.
- Momentum Indicators: The RSI is sitting above 60, indicating further upside potential before the market becomes overbought.
- EMA Retest: The 50-day EMA near 0.021 BTC remains a crucial level for medium-term bulls.
🚀 Is Ethereum Bottoming vs. Bitcoin?
Ethereum has historically lagged Bitcoin during major rallies, but the technical setup now favors a potential ETH rebound — especially with rising accumulation by long-term holders and renewed optimism in the altcoin market.
If the momentum holds, Ethereum could retest higher levels and finally reverse its 8-year-long downtrend against Bitcoin.
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