Did Ethereum Just Bottom vs. Bitcoin? This Is the Last Big Hurdle Before $600

·

The cryptocurrency market has been buzzing with activity as Bitcoin continues its aggressive rally, climbing over 60% in recent weeks and reclaiming key psychological levels. While much of the spotlight remains on BTC, a more subtle but potentially powerful shift may be unfolding beneath the surface — Ethereum’s Ether (ETH) appears to be coiling for a major breakout.

After consolidating through a critical support zone and showing signs of strength against both the U.S. dollar and Bitcoin, ETH could be entering the final phase before a significant upward move. Analysts are closely watching whether this marks the end of a prolonged correction — and possibly the beginning of the next altcoin surge.

ETH/USD Nears Final Resistance Before $600 Breakout

The weekly chart for Ether against the U.S. dollar reveals a crucial technical setup. ETH is now testing a major resistance zone just below $450, a level that previously triggered sharp reversals during the summer months. A decisive close above this zone could open the door to $600 — and potentially $800 in the following months.

This resistance area was strongly rejected in mid-2024, leading to a pullback that retested the $300 level. However, instead of breaking down further, Ether found solid support around $310 — a level that once acted as resistance but has now flipped into support. This classic support/resistance flip, combined with higher lows and higher highs, confirms a developing bullish structure.

👉 Discover how market cycles shape breakout opportunities and what to watch next.

Technically speaking, this pattern mirrors previous bull market behavior, where extended consolidation phases precede explosive moves. If historical trends hold, a breakout beyond $450 could trigger strong momentum, drawing in both retail and institutional capital eager to capture the next leg of growth.

Is ETH/BTC Showing Signs of a Bottom?

While price action in USD terms is important, the relationship between Ethereum and Bitcoin — measured by the ETH/BTC trading pair — offers deeper insight into market sentiment and capital rotation.

The weekly ETH/BTC chart shows a clear rejection at the 0.04 BTC resistance level, followed by a drop toward 0.026 BTC. This range has historically defined major cycle tops and bottoms. Notably, every prior retest of the 0.026 zone coincided with the start of a new altcoin upswing — often beginning in December or early January.

With the current dip approaching this same threshold, many analysts believe Ether may be forming a long-term bottom against Bitcoin. If confirmed, this would signal renewed strength in altcoins relative to BTC and could precede a broader rotation of capital from Bitcoin into Ethereum and other high-utility networks.

Given that Q4 has traditionally been a weaker period for altcoins — with investors favoring Bitcoin during times of uncertainty — the timing aligns with historical patterns. A reversal from current levels could mean that the next alt season begins in early 2025, potentially pushing ETH toward $800 as confidence returns.

Bitcoin Dominance Reaches Key Resistance

Bitcoin dominance — a metric that measures BTC’s market cap share relative to the entire crypto market — has been rising steadily over recent months. Currently hovering between 66% and 68%, it’s approaching a well-established resistance zone.

Historically, when Bitcoin dominance reaches this level, it tends to reverse downward, making room for altcoins to regain momentum. Previous cycles show that once dominance peaks in this range, it often corrects to between 56% and 57% — a shift that typically coincides with strong performance across major altcoins like Ethereum, Solana, and Cardano.

Several factors have contributed to Bitcoin’s recent dominance surge:

However, once these narratives mature and profit-taking occurs, capital often rotates into undervalued ecosystems — with Ethereum being one of the primary beneficiaries due to its established infrastructure, DeFi dominance, and ongoing network upgrades.

👉 See how dominance cycles influence altcoin performance and where capital might flow next.

This cyclical rotation doesn’t diminish Bitcoin’s importance; rather, it highlights the natural ebb and flow of crypto market dynamics. As BTC stabilizes near resistance, eyes will increasingly turn to ETH as a high-conviction opportunity.

Should You Buy the Dip if ETH Drops to $350?

Despite growing optimism, traders should remain cautious near current resistance levels. The Crypto Fear & Greed Index recently entered “extreme greed” territory — a condition often seen at short-term tops. Such readings suggest a pullback is not only possible but likely before any sustained breakout can occur.

If Ether corrects further, key support lies between $320 and $340. This zone aligns with previous swing lows and on-chain data showing strong accumulation activity. For strategic investors, this range presents a high-reward entry point — especially if followed by a confirmed move above $460–$480 resistance.

A successful retest and reversal from this support area could ignite an impulse wave toward $800, driven by:

Timing the exact bottom is difficult, but structuring buys in stages within this support zone can reduce risk while positioning for upside.

Frequently Asked Questions (FAQ)

Q: What does it mean if ETH breaks $450?
A: A confirmed breakout above $450 on the weekly chart would signal strong bullish momentum, likely leading to $600 and beyond. It would also suggest renewed investor confidence in Ethereum’s ecosystem.

Q: Why is ETH/BTC important for predicting alt seasons?
A: When Ethereum strengthens against Bitcoin, it often indicates capital rotation into altcoins. A sustained move above 0.03 BTC on ETH/BTC is typically an early signal of an upcoming alt season.

Q: Can Ethereum reach $800 in 2025?
A: Yes — if current technical patterns hold and macro conditions remain favorable. Key drivers include network adoption, staking yields, and potential spot ETF developments.

Q: Is now a good time to buy Ethereum?
A: While near-term volatility is expected, long-term fundamentals remain strong. Consider dollar-cost averaging or waiting for a confirmed bounce from $320–$340 support.

Q: How does Bitcoin dominance affect Ethereum’s price?
A: When BTC dominance peaks and starts declining, capital typically flows into altcoins. A drop toward 56%–57% would historically favor strong ETH performance.

Q: What risks should ETH investors watch for?
A: Regulatory uncertainty, delays in protocol upgrades, macroeconomic downturns, or prolonged risk-off sentiment could delay or limit upside potential.

Core Keywords

👉 Explore real-time charts and tools to track Ethereum’s breakout potential before the next move.