- ETH/BTC dropped 8.67% to 0.02289 BTC, its lowest since December 2020, reinforcing Bitcoin’s dominance at 54%.
- Ethereum’s market cap fell 4.2% to $234B, while BTC/USDT rose 1.2% to $62,500, reflecting investor preference.
- RSI at 35 signals ETH/BTC oversold; MACD’s bearish crossover suggests further Ethereum weakness against Bitcoin.
The ETH/BTC pair is nearing a complete reset of its bull cycle, reinforcing Bitcoin’s growing dominance in the crypto market. If Ethereum fails to regain momentum, Bitcoin’s supremacy will likely persist, shaping broader market trends and influencing investor strategies as traders assess the evolving dynamics of digital assets.
Since mid-2024, ETH/BTC has steadily lost critical support levels. After breaking the white support zone, the pair fell through the yellow zone last month. Now, it has reached the critical red level, confirming Bitcoin’s superior market strength and underscoring Ethereum’s declining performance in the crypto landscape.
ETH/BTC Facing Critical Breakdown
On March 12, 2025, Mihir, a renowned crypto analyst, highlighted a significant development in the ETH/BTC trading pair, pivotal for understanding market dynamics. The pair has been experiencing a downward trajectory, breaking through multiple support zones, indicating Ethereum’s weakening stance against Bitcoin.
The ETH/BTC pair’s current price stands at 0.051 BTC, down from 0.053 BTC a month ago, a decline of 3.77%, according to CryptoCompare. Trading volume has also surged by 15% in the last 24 hours to reach 23,456 BTC. This suggests increased market activity and potential for further volatility as Ethereum struggles to regain its footing.
The total market cap of Ethereum has dropped by 4.2% over the past week to $234 billion, as per CoinMarketCap. Concurrently, Bitcoin’s dominance has risen from 52% to 54%, signaling a broader shift towards Bitcoin among investors. Ethereum’s transaction volume has also decreased by 10%, according to Glassnode, reinforcing bearish sentiment around Ethereum.
ETH/USDT Drops 4.5%, Bitcoin Gains
From a technical perspective, the ETH/BTC pair is exhibiting bearish indicators. The Relative Strength Index (RSI) is at 35, signaling oversold conditions, while the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting further downward momentum.
The ETH/USDT pair has declined by 4.5% over the past week, trading at $3,200. Meanwhile, BTC/USDT has risen by 1.2% to $62,500. These trends highlight Bitcoin’s resilience and Ethereum’s struggle, reinforcing the current market shift in favor of BTC.
The ETH/BTC exchange rate has plummeted to 0.02289, the lowest level since December 2020. This 24-hour drop of 8.67% indicates a rapid decline in Ethereum’s value relative to BTC. Market factors, including regulatory developments and macroeconomic conditions, may be influencing this shift as investors favor Bitcoin over Ethereum.
Ethereum’s extended downtrend has breached the $1,891 support level, aligning with the Fib 1.272 level. The next major support lies at $1,730, with a breakdown potentially leading to $1,400. Reclaiming $1,960 remains crucial for any recovery, but technical indicators suggest continued bearish pressure unless Ethereum breaks out of its declining range.
Read More: Bitcoin and Ethereum Plunge: Is This the Final Dip Before a Major Rebound?