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ETH / BTC
Benjamin Cowen· 2025-08-20 19:57
Market Analysis of ETH/BTC Valuation - The ETH/BTC valuation is currently around 0038 or 38% [2] - Major lows for ETH/BTC have historically corresponded to Ethereum reaching its regression band on its USD chart [3][4] - The industry anticipates a potential reversal in Bitcoin dominance around September, suggesting a possible local top for ETH/BTC around the same time [5][6][7] - A similar low for ETH/BTC was observed in April 2020, followed by a rise to the current level of approximately 0038 or 38% in August/September 2020 [7][8] - The industry suggests the possibility of Ethereum wicking to new all-time highs before a larger correction in both Bitcoin and the ETH/BTC valuation [9] Future Outlook and Strategy - The analysis suggests that ETH/BTC might experience some resistance around 004 or 4%, potentially wicking higher before retracing [10][20] - The industry cautions against assuming that ETH will flip Bitcoin, suggesting it's more likely that ETH will put in a lower high against Bitcoin again [13][14] - Key levels to watch for the ETH/BTC valuation include 0044 or 44% and 0053 or 53%, based on Fibonacci retracement levels [15] - The current year has seen ETH outperform Bitcoin, unlike in 2023 and 2024, potentially due to the capitulation in the ETH/BTC valuation in 2025 [16][17] - The industry is looking for a local top to form in the next two to three weeks, followed by a retrace to a higher low, and then another move up [18] - If ETH/BTC turns around and drops, a significant rebound might not occur until November/December [22]