{"id":19800,"date":"2025-05-03T17:45:00","date_gmt":"2025-05-03T17:45:00","guid":{"rendered":"https:\/\/gold.creditcard\/ethereum-nears-key-bitcoin-price-level-that-last-time-sparked-450-gains\/"},"modified":"2025-05-03T17:45:00","modified_gmt":"2025-05-03T17:45:00","slug":"ethereum-nears-key-bitcoin-price-level-that-last-time-sparked-450-gains","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/ethereum-nears-key-bitcoin-price-level-that-last-time-sparked-450-gains\/","title":{"rendered":"Ethereum nears key Bitcoin price level that last time sparked 450% gains"},"content":{"rendered":"

Ethereum\u2019s Ether (ETH<\/a>) token is approaching a critical price zone against Bitcoin (BTC<\/a>), which historically marked the beginning of a massive rebound.<\/p>\n

ETH price fractal from 2019 hints at bottom <\/h2>\n

The ETH\/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC \u2014 the exact level it reached in September 2019 before rallying nearly 450% over the following year.<\/p>\n

ETH\/BTC weekly performance chart. Source: TradingView<\/em><\/p>\n

The current ETH\/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI)<\/a>, long stretches below key moving averages, and multiyear declines.<\/p>\n

In 2019, ETH\/BTC fell over 90% in the prior two years, driven by the ICO collapse<\/a>. <\/p>\n

As of 2025, the pair is down over 80% from its 2021 peak, weighed by skepticism<\/a> over Ethereum\u2019s switch to proof-of-stake (PoS)<\/a>, rising competition<\/a>, and Bitcoin\u2019s growing dominance<\/a> as an institutional asset.<\/p>\n

In response to the growing concerns, Ethereum co-founder Vitalik Buterin has proposed<\/a> new architecture and protocol-wide standards to make Ethereum simpler, faster, and as maintainable as Bitcoin within five years. <\/p>\n

Related: <\/strong><\/em>Ethereum to simplify crosschain transactions with new token standards<\/strong><\/em><\/a><\/p>\n

One analyst called<\/a> Buterin\u2019s proposal \u201cthe most bullish thing for ETH.\u201d<\/p>\n

The bullish hopes come as ETH\/BTC attempts to break free from its multi-year \u201cbearish parabola.\u201d This resistance curve has been instrumental in limiting the pair\u2019s upside attempts since December 2021 but showed signs of exhaustion as of May 3.<\/p>\n

Edit the caption here or remove the text<\/em><\/p>\n

\u201cWe might see an end of this bearish parabola,\u201d wrote chartist Jimie<\/a>.<\/p>\n

He noted that if the curved resistance holds, ETH\/BTC could drop toward 0.016 BTC \u2014 the same level where it bottomed in September 2019 before rallying by roughly 450%.<\/p>\n

Flush ETH and buy Bitcoin, says\u00a0Adam Back<\/h2>\n

Skeptics like Bitcoin\u2019s\u00a0proof-of-work pioneer,<\/a>\u00a0Adam Back,\u00a0argue<\/a>\u00a0that Buterin is overlooking deeper design flaws while proposing to simplify Ethereum in the coming years. <\/p>\n

Back criticizes Ethereum\u2019s account-based system, saying it adds unnecessary complexity compared to Bitcoin\u2019s simpler UTXO (unspent transaction output) model<\/a>. He argues this growing complexity increases technical risks and makes Ethereum harder to scale and secure.<\/p>\n

Source: X\/Adam Back<\/em><\/p>\n

He also warns that Ethereum\u2019s shift to PoS has concentrated power among insiders by redirecting miner rewards to large tokenholders.<\/p>\n

\u201cAt this point, just flush ETH before it hits zero and buy Bitcoin,\u201d he wrote, suggesting no upgrade can fix what he views as Ethereum\u2019s flawed foundation.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum\u2019s Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which historically marked the beginning of a massive rebound. ETH price fractal from 2019 hints at bottom The ETH\/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC \u2014 the exact level it reached in September 2019 before rallying […]<\/p>","protected":false},"author":0,"featured_media":19801,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19800"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19801"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}