Ethereum breaks downtrend against Bitcoin, but follow-through fails to materialise

The Ethereum price relative to Bitcoin shows an interesting development. Two weeks ago, the ETH/BTC price broke out of a descending trend channel that had been determining the direction for months, but a real breakout to the upside has yet to materialise.

Ethereum is available at OKX and Bybit.

In short:

• The ETH/BTC price broke out of a descending trend channel on the weekly chart two weeks ago.
• The 0.03 level is currently acting as resistance and is curbing further upside.
• A breakout above that level could, according to analyst Daan Crypto Trades, trigger additional buying pressure.

Breakout from the trend channel

On the weekly ETH/BTC chart, the price is finally breaking through the descending trend channel after a long downward move. This channel took shape from August 2025, after the ETH/BTC price peaked around 0.043. Since then, the ratio has steadily declined towards 0.026, the lowest level in a long time.

The breakout two weeks ago seems technically positive, but the follow-through has been limited so far. At the time of writing, the price is fluctuating around 0.0294, indicating that buyers have not yet convincingly taken control.

The 0.03 level as a decisive moment

Analyst Daan Crypto Trades states that the 0.03 ETH/BTC ratio is currently holding the price back. That level acts as resistance and has slowed the upward movement in recent weeks. As long as Ethereum fails to close clearly above that threshold and stay there, there is, in his view, still no reason to speak of a structural trend reversal.

If Ethereum does manage to break through and hold the 0.03 level, the analyst expects this to trigger additional upward price pressure. Bitcoin itself is currently trading at $63.136, with a modest gain of 0.4% over the past 24 hours. Whether Ethereum actually regains ground on Bitcoin largely depends on what happens with this key threshold in the coming weeks.