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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Ethereum Breaks 8-Year Resistance Against Bitcoin – Details

Scott Matherson
Scott Matherson
1 month ago
3 mins read
Ethereum

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Ethereum has staged a strong performance over the past 24 hours, with its price rallying close to its previous all-time high. According to data from CoinGecko, ETH climbed as high as $4,837, just a touch below its 2021 peak of $4,878. The surge came after Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted that long-awaited rate cuts might be coming soon. 

Interestingly, Ethereum is not only performing well against the dollar but also against Bitcoin, where technical analysis shows a long-awaited structural trendline appears to be breaking in Ethereum’s favor.

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Analyst Calls Out ETH/BTC Breakout

According to a recent technical analysis, which was first revealed on the social media platform X by crypto analyst Ted Pillows, Ethereum is about to go on a massive performance against Bitcoin. Ted Pillows noted that the ETH/BTC breakout has finally happened after nearly eight years of repeated resistance rejections. 

The analysis, which is based on the 2-week (2W) timeframe of the ETH/BTC pair, shows Ethereum’s price action breaking decisively above a long-term descending trendline that has held since 2017. At the time of the analysis, the ETH/BTC pair was trading around 0.04077 after a 7% price gain for Ethereum.

Interestingly, the chart shows how the ETH/BTC pair has been trying multiple times to break above this descending trendline with no success. The latest attempt, which has seen it approach the trendline again, kicked off in July 2025, and has been playing out for the past few weeks. The most recent 2-week candlestick has now seen the ETH/BTC peeking above the trendline.

Chart Image From X: Ted Pillows

However, Pillows tempered his optimism with a caveat: “I just want a 2W confirmation above this level, and you’ll be surprised to see the Ethereum rally,” he said. This means confirmation is important in order for Ethereum to continue outperforming Bitcoin. The breakout will be validated once the 2-week candle closes above resistance, and this might then turn the former downtrend into a base of support on the ETH/BTC pair.

$5,400 Bull Flag Target

Another analyst, Titan of Crypto, noted a bullish setup on the shorter-term 4-hour ETH/USD chart. Technical analysis of the 4-hour candlestick timeframe chart shows Ethereum is currently breaking out of a well-defined bull flag formation, which is a continuation pattern that typically appears in the middle of a trend. 

ETHUSD currently trading at $4,748. Chart: TradingView

The breakout, already underway, kicked off when Ethereum broke above $4,200 in August. The analyst predicted a price target around $5,400 to $5,477, which means Ethereum could not only retest but also break above its all-time high and enter into new price territories above $5,000.

Image From X: Titan Of Crypto

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At the time of writing, Ethereum was trading at $4,748.

Featured image from Unsplash, chart from TradingView

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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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