- ETH/BTC is nearing a breakout after a 3.5-year period of downtrend.
- Chart patterns suggest 2026 could mark the start of a new altseason.
- Previous cycles show similar chart formations pointing to a potential rally.
Ethereum’s performance against Bitcoin has been under close observation as ETH/BTC nears a potential breakout. The pair has been in a steady downtrend for over 3.5 years, but signs now point to a reversal.
According to crypto analyst el_crypto_prof, ETH/BTC could soon break through the downward trendline, which has defined price movements since 2019. The pattern, known as a descending broadening wedge, typically indicates that a breakout is likely when the price moves past the upper boundary of the wedge.
The key question for many traders and analysts is whether ETH/BTC will confirm this breakout. If the breakout happens, it would mark the end of an extended period of sideways and downward price action.
“ETH/BTC is on the verge of breaking its downtrend,” said el_crypto_prof, reinforcing the anticipation surrounding the pair’s potential movement. If confirmed, it could spark a shift in the market and potentially set the stage for a significant altseason in 2026.
Chart Patterns Mirror Previous Altseason Cycles
The chart patterns currently forming for ETH/BTC bear resemblance to past altseasons. In both 2017 and 2021, ETH/BTC exhibited similar technical formations before entering strong uptrends.
Explosive gains across the altcoin market marked these cycles. As the chart for ETH/BTC is showing higher lows, some analysts believe this is a bullish signal that a similar breakout is imminent.
The descending broadening wedge pattern, a characteristic chart pattern, has appeared in previous altseason cycles. When this pattern has emerged in the past, altcoins have experienced strong rallies. If the breakout occurs in 2026, it could lead to a similar surge in the altcoin market, following the pattern seen in 2017 and 2021.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
