ETH/BTC has bounced from a key historical support zone, sparking speculation about a potential rotation back into Ethereum.
Previous visits to this support level have resulted in strong rallies for Ethereum relative to Bitcoin, prompting traders to monitor for a potential repeat scenario.
Traders are closely watching key resistance levels at 0.081 and 0.149, as breaking through these levels could indicate a bullish reversal favoring Ethereum over Bitcoin.
Bitcoinensus suggests that this bounce could signify the start of a long-term accumulation phase for Ethereum, particularly as macro trends and institutional interest align in ETH's favor.
With Ethereum's fundamentals improving and historical patterns indicating bullish signals, traders are preparing for a potential shift away from BTC and back into altcoins, spearheaded by ETH.