Viewpoint: ETH/BTC breaks five-month downtrend, traders predict a potential rise of 170%

The price trend of ETH/BTC has mirrored the pattern of the 2021 bull market. Trader Mags posted on the X platform that ETH/BTC has reached the exact low point it hit before the last bull market in 2021, and it is currently at the same support level as the price surge of 170% that year. If it rises by this magnitude, ETH/BTC is expected to reach 0.092, equivalent to 8500 USD.

Digital asset lawyer Joe Carlasare pointed out that ETH/BTC has broken through a downward trend that lasted nearly half a year. Trader Michaël van de Poppe stated that if ETH can hold the previous resistance area as support, it indicates that buyers are willing to enter at higher price levels, suggesting that the price could rise to 3700 USD. Additionally, Michaël van de Poppe believes that if 91,500 USD can serve as a support level, BTC's price may test 100,000 USD next week.