The Ethereum-to-Bitcoin (ETH/BTC) ratio is forming a Dragonfly Doji on its two-week chart, a candlestick pattern that often signals a bullish reversal.
Dragonfly Doji is characterized by a long lower wick and a small body at the top. This suggests that after a period of intense selling pressure, buyers have stepped in to push the price back up, indicating a potential shift in momentum.
Further strengthening this outlook, the Relative Strength Index (RSI) for ETH/BTC is in oversold territory, a condition that typically precedes price rebounds. Additionally, the pair is testing a historical support area (the green range in the chart above).
If buyers continue absorbing sell pressure at current levels, Ethereum could regain strength against Bitcoin, potentially targeting its 50-2W exponential moving average (50-2W EMA; the red wave) at around 0.048 BTC, up over 70% versus the current prices.
World Liberty Financial (WLFI), a firm linked to the Donald Trump family, has been steadily accumulating ETH. As of early February 2025, WLFI’s Ethereum holdings had grown to over 70,000 ETH, valued at approximately $235 million.
Accumulating large amounts of ETH may provide a strong demand base, helping Ethereum regain momentum against Bitcoin.
Long-term projections for Ethereum remain optimistic. Various analysts have provided 2025 price forecasts:
These projections are based on factors such as increasing institutional adoption, advancements in Layer 2 scaling, and improved regulatory clarity.
Meanwhile, Ethereum co-founder Vitalik Buterin has recently increased his involvement in Ethereum’s scalability, efficiency, and decentralization efforts. He has outlined multiple key initiatives, including:
Despite technical signals pointing toward a rebound, Ethereum has been underperforming Bitcoin and the broader crypto market in recent months. The market sentiment reflects this growing skepticism.
One post on X noted:
“Ethereum is losing ground to Bitcoin as institutional capital prioritizes BTC over ETH. Layer 2 fragmentation, regulatory uncertainty, and competition from Solana continue to weaken Ethereum’s dominance.”
Another user dismissed the idea of an imminent altcoin season, stating:
“ETH’s breakout will only happen if BTC allows it. The ‘altseason ignition’ theory has been a broken record for years.”
Crypto analyst Ali Martinez highlighted the shifting investor focus away from Ethereum and other major altcoins. He noted that speculators are increasingly flocking to “worthless memecoins” launching on Solana and other chains, drawing liquidity away from ETH.
Solana’s lower transaction costs and faster speeds have attracted retail traders and institutional investors, making it one of Ethereum’s most serious challengers. Meanwhile, Ethereum’s gas fees remain a deterrent, forcing many projects to explore alternative chains or Layer 2 solutions.
TEST 30 He has written extensively for a broader audience and his current focus is on developments relating to the financial markets including, but not limited to currencies, commodities, alternative asset classes, and global equities.