24/7 Cryptocurrency News

ETH/BTC Pair Poised for Breakout as Ethereum ETF Launch Approaches: What’s Next?

Michael van de Poppe suggests that the bull market has already begun and could gain significant momentum if Ethereum breaks through the 0.06 BTC level.
Published by
ETH/BTC Pair Poised for Breakout as Ethereum ETF Launch Approaches: What’s Next?

Highlights

  • The ETH/BTC is moving above the 365 simple moving average eyeing bullish move before spot Ethereum ETF.
  • Analyst suggest the altcoin bull market would accelerate if ETH breaks through the 0.06 BTC level.
  • The upcoming spot Ethereum ETF launch in the US is seen as a major catalyst for ETH price rally.

Alongside Bitcoin, Ethereum has faced selling pressure, falling below $3,400. Despite a 3.5% weekly drop compared to Bitcoin’s 5.8% decline, ETH has been holding up relatively well against BTC. Technical charts indicate that the ETH/BTC pair is on the brink of a major breakout, coinciding with the upcoming launch of the spot Ethereum ETF next week.

ETH Price to Rally with Spot Ethereum ETF Approval?

Crypto market analyst Ali Martinez showed that ETH/BTC is finally moving above the 365 simple moving average. This development shows an early sign of the impending altcoins season going ahead.

Crypto analyst Michael van de Poppe also shared a similar view stating that the bull market has already begun and would gain significant momentum if the Ethereum price breaks through the 0.06 BTC level.

On breaking these key levels, Poppe expects a significant influx of capital into the Ethereum ecosystem. The launch of the spot Ethereum ETF next week in the US could prove to be a major catalyst in this direction.

Also Read: PEPE Whale Shifts Focus To Ethereum As ETF Optimism Builds

Poppe added that the Ethereum ETF remains the most undervalued and underhyped event of the year. He added that, unlike the Bitcoin ETF, there is not the same excitement with the Ethereum ETF approval. “The Ethereum ETF is basically everything in reversal. Zero expectations, zero hype, and if there is any expectation” wrote Poppe.

Poppe stated that although the Ether ETF is likely to attract fewer inflows in comparison to the Bitcoin ETF, it can have a significantly greater impact “as the stock-to-flow of Ethereum is less than that of Bitcoin due to the huge amount of staked Ether and the deflationary concept of Ethereum”.

Entire Ether Ecosystem to Benefit

Poppe believes that as the ETH/BTC price pushes higher, the entire Ethereum ecosystem would benefit out of it, driving more usage, liquidity, and developers towards it.

Popper further explained that altcoin cycles typically show a weaker performance during the first half of the year. However, from June onwards, the cycle would reverse and momentum would build in favor of the altcoins presenting opportunities for greater returns.

Also Read: Are Spot Ethereum ETFs Set To Launch In 14 Days Post-S-1 Amendments?

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Pump.fun Rival Zora Rallies Over 30% Following Robinhood Listing

Zora, Coinbase-based creator economy platform, has been listed on Robinhood. This also highlights its increased…

October 9, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Lists XRP Among Shorts Amid Crypto Market Crash

Veteran trader Peter Brandt has doubled down on his bearish XRP prediction. This time, he…

October 9, 2025
  • 24/7 Cryptocurrency News

Fed’s John Williams Backs More Rate Cuts This Year Amid Labor Market Concerns

New York Fed President John Williams has shown his support for additional Fed rate cuts…

October 9, 2025
  • Bitcoin News

Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy

The Bitcoin price is up today, after a significant drop in the last 24 hours.…

October 9, 2025
  • 24/7 Cryptocurrency News

Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH

Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain.…

October 9, 2025
  • Bitcoin News

Bitcoin, Ethereum Drag Broader Crypto Market Lower Ahead of FED Powell Speech

Bitcoin and Ethereum are dragging lower amid massive volatility ahead of Fed Chair Jerome Powell's…

October 9, 2025