Ethereum Price Prediction: ETH/BTC Shows Signs of Recovery, Analysts Predict Potential 30% Breakthrough

As the Crypto Assets market begins to circulate expectations of a new round of "alts season", Ethereum's native Token Ether (ETH) shows strong recovery signals against Bitcoin (BTC). Technical analysts point out that the ETH/BTC Exchange Rate chart is forming a key bullish pattern.

📈 ETH/BTC bullish flag pattern indicates a rise market

Currently, the price trend of Ethereum relative to Bitcoin is forming a typical "bull flag (bull flag)" pattern. The characteristics of this pattern are: after experiencing a strong rise (known as the "flagpole"), the price enters a downward-sloping parallel channel for consolidation (i.e., the "flag"). Usually, when the price successfully breaks through the upper edge of the channel accompanied by increased trading volume, the pattern is confirmed, and a rise similar to the height of the "flagpole" is expected.

As of July 8, the ETH/BTC Exchange Rate is trading within the bullish flag pattern, poised to target a breakout at the upper boundary. Once a successful breakout occurs with volume, the price of this currency pair is expected to hit a high of 0.031 BTC. This means that in the coming weeks (possibly before August), the price of Ethereum relative to Bitcoin has a potential increase close to 35%. Conversely, if it breaks below the lower support of the flag, the bullish pattern will be invalidated, and ETH/BTC may drop to the 0.017 - 0.018 BTC range.

💰 Institutional Trends: Whales Increase Holdings of ETH Strengthening Bullish Expectations

The listed company Bit Digital (BTBT) recently disclosed its asset reserve adjustment strategy: selling 280 BTC and buying 100,603 ETH. Such institutional-level ETH whale buying behavior further strengthens the market expectation that Ethereum may outperform Bitcoin in the future, providing fundamental support for ETH price breakthrough.

🌐 Ethereum's strength ignites market expectations for "alts season"

The potential strong performance of Ethereum has also boosted the sentiment of the entire alts market. Currently, the total market cap of alts excluding Bitcoin is testing a key historical uptrend support line. Charts show that every time this support line was touched in the past, a rebound occurred, triggering an explosive market known as altseason (altseason), characterized by rapid capital rotation from Bitcoin into the more volatile high-beta altcoins (high-beta altcoins).

If historical patterns repeat and successfully break through the current resistance level, the total market capitalization of alts is expected to challenge the $2 trillion mark. However, if there is resistance and a pullback at this key level, it may indicate that the market needs to undergo a final correction before entering a sustained rise.