Ethereum price against Bitcoin breaks downtrend

The relationship between Ethereum and Bitcoin is showing an interesting move on the daily chart. After months of losses against Bitcoin, the ETH/BTC price is breaking out of a descending trendline, and analyst Daan of DaanCryptoTrades sees room for further gains as long as current support holds.

Ethereum is available at OKX and Bybit.

In short:

• The ETH/BTC price is breaking out of a descending trendline that has been active for months
• The price is now above the daily 200EMA and 200MA, around 0.02967 BTC
• Analyst Daan sees 0.03 BTC as the key level for further upside

Breakout above descending trendline

On the daily chart of the ETH/BTC trading pair, a clear breakout is visible above a descending trendline that has been active since the start of 2025. During that period, the price fell from over 0.043 BTC to a low of around 0.0262 BTC in June 2026. Since then, the ratio has been picking up again.

At the time of writing, ETH/BTC is trading at around 0.02967 BTC, a small gain of 0.24% on the day. In dollar terms, Ethereum is trading at $1.900, up 0.7% over the past 24 hours. The breakout above the trendline comes with a return above both the 200-day exponential moving average (200EMA, at 0.02939 BTC) and the simple 200-day moving average (200MA, at 0.02910 BTC).

0.03 BTC is the level to watch

Daan says he had expected the move to have picked up pace a little faster by now, but notes that ultimately it only takes one large candle to get things going. As long as Ethereum holds current support, he remains positive on further upside.

The 0.03 BTC level is the threshold that needs to be broken to confirm and extend the upward move. If that happens, ETH can reclaim further ground against Bitcoin. The coming days are therefore crucial: as long as support just above the 200-day averages holds, the scenario for higher levels remains intact.