Ethereum has staged a strong performance In the past 24 hours, its price gathered near its previous summit of all time. According to Coingecko data, ETH climbed up to $ 4,837, just a key below its $ 4,878 peak. The wave occurred after the president of the federal reserve Jerome Powell in Jackson Hole, where he hinted that Low -awaited rate drops could soon arrive.
Interesting fact, Ethereum does not only work on the dollar but also against bitcoinWhere technical analysis shows that a long -awaited structural trend line seems to break in favor of Ethereum.
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The analyst calls ETH / BTC Breakout
According to a recent technical analysis, which was first revealed on The social media platform X by Crypto Ted Oreil analyst, Ethereum is about to make a massive performance against Bitcoin. The TED pillows noted that the ETH / BTC rupture finally occurred after almost eight years of refusal of repeated resistance.
The analysis, which is based on the period of 2 weeks (2W) of the ETH / BTC pair, shows that the action of the prices of Ethereum has moved decisively above a long-term descending trend which has held since 2017. At the time of the analysis, the ETH / BTC pair exchanged approximately 0.04077 after a price gain of 7% for Ethereum.
Interestingly, the graph shows how the ETH / BTC pair has tried several times to break above this descending trend line without success. The last attempt, which saw it approach the trend line again, started in July 2025 and took place for a few weeks. The most recent 2 -week chandelier has now seen the ETH / BTC Take a look above the trend line.
X -graphic image: Ted pillows
However, the pillows tempered his optimism with a warning: “I just want a confirmation of 2W above this level, and you will be surprised to see the Ethereum rally,” he said. This means that confirmation is important for Ethereum to continue to surpass bitcoin. The escape will be validated once the 2-week candle will close above the resistance, and this could then transform the old downward trend into a support base on the ETH / BTC pair.
Target of $ 5,400 of Bull Flag
Another analyst, Titan of Crypto, noted a bullish configuration On the ETH / USD graph in the short term. The technical analysis of the graphic of the 4 -hour candlestick shows that Ethereum is currently coming out of a well -defined bull flag formation, which is a model of continuation which generally appears in the middle of a trend.
The break, Already in progress, Beginning when Ethereum exceeded $ 4,200 in August. The analyst predicted a price target of around $ 5,400 to $ 5,477, which means that Ethereum could not only retest, but also exceed its summit of all time and enter new price territories above $ 5,000.
Image of X: crypto titan
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At the time of writing the editorial staff, Ethereum was negotiated at $ 4,748.
Felash star image, tradingView graphic
