According to reports from BeInCrypto, Ethereum has printed its first sustained advance against Bitcoin in almost a year, breaking out of the descending channel that capped the pair since August 2025. The ETH/BTC three-day chart shows a descending parallel channel in force since August 2025, with the pair printing consistent lower lows and lower highs inside it for almost a year. In July, the ratio finally closed above the channel's upper boundary and now trades near 0.0289, with Ethereum at $1,881, down 2.2% in 24 hours. Fresh whales accumulated 50,000 ETH this month as the ratio jumped 6%. Latest developments show Ethereum trading around $1,950 to $1,965 after gaining more than 4% in a day, with the ETH BTC ratio climbing back toward 0.030 after breaking above a multi-month downtrend.
As reported by BeInCrypto, the breakout faces two obstacles overhead. The immediate resistance sits at 0.0316, while the next barrier waits at 0.0352. The ratio still trades below the 200-day moving average, and a reclaim of that line could open the road to the first resistance area. If the pair pulls back, the nearest support stands at 0.0259, which roughly coincides with the broken channel boundary. The three-day Relative Strength Index (RSI) escaped a long-term falling wedge at the end of June and now reads around 57, clearing the neutral zone and holding room to run before overbought territory near 70.
According to BeInCrypto analysis, Bitcoin dominance has moved sideways between 58% and 60.7% since August 2025, with an ascending support line inside that range breaking down at the end of May. Dominance now retests the broken line from below, near 59.5%, which coincides with the long-term 0.236 Fibonacci level, creating a confluence of resistance. A rejection here could send the metric through the 58% floor and directly to 55.66%, while a reclaim would target 61% and delay the altcoin rotation. Benjamin Cowen argues this cycle may never see a classic rotation, citing Bitcoin's apathy top rather than euphoria-driven peak.
As reported by BeInCrypto, the ETH/BTC charts suggest a rotation is loading, with price and momentum breaking their downtrends within weeks of each other. Softer inflation has supported risk appetite, and analyst Michael van de Poppe called the move the pair's first real advance in over a year, though he expects Bitcoin to lead in the short term. For altcoin season 2026 to be confirmed, bulls need dominance rejected near 59.6%, followed by a break under 58% and a slide to 55.66%. Until then, ETH/BTC holding above 0.0259 keeps the setup alive, while a dominance reclaim of 61% would hand the cycle back to bitcoin. Latest market conditions show Bitcoin trading around $65,300 to $65,500 after reclaiming the key $65,000 level, with the rally supported by improving sentiment, positive ETF flows, and heavy short liquidations rather than excessive leverage from buyers.
