Ethereum vs Bitcoin: ETH/BTC Bottoming Setup Signals Possible Breakout

Crypto analyst CrediBULL Crypto says the ETH/BTC pair is no longer breaking down and may be nearing a bottoming phase. The 12-hour ETH/BTC chart shows a long grind lower since mid-2025, followed by selling-pressure exhaustion as price action compresses into a macro support band near 0.02143–0.02626. The outlook uses an Elliott Wave structure: a prior five-wave impulse (peaking around 0.0420) appears complete, and the current correction could evolve into the next leg. A key trigger is reclaiming prior range lows around 0.0308–0.031, which have flipped to resistance. Failure to reclaim that level could delay the bullish scenario, but repeated attempts to push higher suggest momentum is stabilising. The article also references a Wyckoff-style accumulation read-through on the ETH/USD 30-minute chart. ETH is described as trading in a range just above $2,000, with support reactions in the ~$1,900–$1,950 zone. Resistance sits roughly in the $2,120–$2,200 area, with a possible retest below $1,900 before an upside resolution toward $2,400 and potentially higher. For traders, the core takeaway is that ETH/BTC appears to be transitioning from downside pressure to a range-bound consolidation that could precede an ETH outperformance move versus Bitcoin.