Crypto analyst Michaël van de Poppe took to social media platform X to share his latest insights on the ETH/BTC pair, pointing to a specific level that could open the door to Ethereum outperforming Bitcoin.
Notably, the analyst identifies the 0.02325 level on the ETH/BTC pair as the most important threshold. A move above this level, he argues, would likely trigger a strong continuation of Ethereum’s current uptrend.
However, Ethereum is starting to push up against Bitcoin again with the recent lower highs. All that is now required is for the pair to rise above 0.02325. If this happens, the analyst predicted that Ethereum will start to undergo a strong breakout against Bitcoin.
Since the beginning of April, Ethereum has not only stabilized against Bitcoin but has also shown clear signs of outperformance. Van de Poppe noted this change in momentum, stating, “It’s still an $ETH market.”
Featured image from Unsplash, chart from TradingView
