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Ethereum price forecast: ETH/BTC target of 0.035, 0.03 is the key support

2026-07-23 00:32:30
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Ethereum regained strength against Bitcoin, breaking through the long-term downtrend

Ethereum showed a new round of strength against Bitcoin after regaining its bull market support band and breaking through the long-term downtrend. If we continue to stand above 0.03 BTC, a breakthrough can be confirmed and room for upside to 0.032 - 0.035 BTC will be opened.

Ethereum withdraws key support, which may signal that it will outperform Bitcoin.

According to analysts, Ethereum has regained its bull market support band against Bitcoin at the weekly level. This sign suggests that ETH may enter a relatively strong phase after months of weak performance.

(ETH/BTC Weekly Chart)

The ETH/BTC trading pair has also broken through its downtrend line, while the weekly indicator RSI has rebounded to around 50. If the support band can be held, the breakthrough signal will be confirmed, and the resistance levels of 0.031 BTC and 0.035 BTC will become the focus of attention.

However, ETH must be maintained on the retracted support band for the structure to be established. If the weekly close falls below the breakthrough zone, it will weaken its argument that it outperforms Bitcoin and show that Bitcoin remains a stronger asset.

ETH/BTC needs to stand firm at 0.03 to confirm a breakthrough

The weekly closing price of Ethereum against Bitcoin has reached the bull market support band for the first time since the end of 2025. The trading pair also tried to break through the downtrend that dominated its long-term downtrend.

(ETH/BTC weekly chart)

If it continues to exceed 0.03 BTC, it will confirm a stronger subsequent trend and increase the possibility of Ethereum outperforming Bitcoin. The next resistance zone will be around 0.032 BTC and 0.034 BTC.

However, the breakthrough was not confirmed until ETH/BTC trading prices fell below 0.03. Falling back below the support band of approximately 0.0287 BTC will weaken the structure and increase the risk of another test of 0.0262 BTC.

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