Ethereum breaks down 8-year downtrend against Bitcoin: A new surge is forming

For the past 8 years, the ETH/BTC trading pair has been continuously held back in a long term downtrend. This has led many investors to believe that Ethereum is unlikely to break free and regain an advantage over the leading market coin, Bitcoin. However, everything has just changed — and changed dramatically. 🔑 Historic Breakthrough: Golden Cross Emerges According to technical analysis, Ethereum has just formed an important Golden Cross on the ETH/BTC pair. This is a signal when the short-term moving average crosses above the long-term moving average, usually indicating a strong reversal. Notably, this Golden Cross appears right when ETH breaks through the resistance level that has held it back for nearly a decade. 📉 8 Years of Pressure – 1 Moment of Liberation For a long time, ETH has been seen as the “runner-up” in the race against BTC. Despite having a DeFi ecosystem, NFTs, Layer 2, and a host of Web3 applications, ETH still cannot break through compared to Bitcoin in the direct trading pair. But when the 8-year wall is broken, the long-term accumulation pressure may transform into a strong growth wave. 🔥 Ethereum Not Only Breaks – It Explodes Looking back at history, Ethereum rarely breaks out of major technical patterns without creating a significant price increase. Experts believe that this breakout could usher in a new growth cycle, not only bringing ETH closer to BTC but also having the potential to outperform in investment performance. 🌐 Significance for the Entire Crypto Market • The strengthening of ETH means that ecosystems surrounding it, such as DeFi, NFT, and Layer 2, have additional development momentum. • Capital flows may begin to shift from Bitcoin to Ethereum and other altcoins. • An “Altseason” wave could very well be triggered by this event. 👉 Conclusion Breaking an 8-year downtrend is not just a mere technical signal. It is a testament to the resilience of Ethereum and confirms that the crypto market still holds many surprises. If history repeats itself, ETH could not only “rise” – but will explode exponentially.