Ethereum Breaks 8-Year BTC Downtrend, Eyes $10K
Ethereum (ETH) has ended its eight-year downtrend against Bitcoin (BTC), marking a significant technical breakout that could herald the next crypto supercycle. Two major catalysts underpin the move: mounting institutional investments via Ethereum ETFs and the ongoing deflationary impact of the EIP-1559 burn mechanism. ETH recently tested a reversal pattern against BTC dating back to 2016, confirmed by a “golden cross” signal highlighted by crypto analyst Merlijn The Trader.
At press time, ETH trades near $4,550, following a fresh all-time high of $4,950. Analyst CryptoBoss forecasts a resistance break, successful retest and consolidation that could propel ETH toward $10,000, driving its market capitalization past $1 trillion. A rally of this scale may not only reinforce Ethereum’s leadership but also stimulate altcoin performance, mirroring the 2017 and 2021 bull runs. Primary keywords: Ethereum, ETH. Secondary keywords: Bitcoin, BTC, downtrend, ETF, deflationary mechanism, supercycle.
Bullish
Ethereum’s breakout of an eight-year downtrend versus Bitcoin marks a key bullish signal, reinforced by institutional ETF inflows and a deflationary protocol. Similar historical breakouts in 2017 and 2021 preceded major bull cycles, suggesting strong short-term momentum may extend into a broader market rally. In the long term, a sustained move toward $10,000 would lift ETH’s market cap above $1 trillion, boosting confidence in both Ethereum’s fundamentals and altcoin performance. These factors combine to create a predominantly bullish market outlook.