Ethereum nears key Bitcoin price level that last time sparked 450% gains

By: the crypto news wire|2025/05/04 04:15:01

The current ETH price setup versus Bitcoin closely mirrors 2019, with an oversold RSI and prolonged weakness below key moving averages after a multiyear decline. Ethereum’s Ether ( ETH ) token is approaching a critical price zone against Bitcoin ( BTC ), which historically marked the beginning of a massive rebound. The ETH/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC — the exact level it reached in September 2019 before rallying nearly 450% over the following year. The current ETH/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI) , long stretches below key moving averages, and multiyear declines. Read more

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