Ethereum's long-running weakness against Bitcoin just hit a fresh technical milestone. The ETH/BTC pair broke down from its descending triangle support this week, a move that analysts say confirms the growing bearish pressure on the second-largest crypto. Ethereum is now trading lower relative to Bitcoin than it was when BTC was last around $60,000 — a stark reminder of how far the asset has lagged.
The breakdown on the chart
The descending triangle had been holding for weeks, with sellers repeatedly capping rallies and buyers failing to push above flat resistance. That pattern finally gave way, sending ETH/BTC to levels not seen since last year's cycle lows. Immediate support sits around $2,187 and $2,122 on the dollar-denominated Ethereum chart, while resistance is clustered at $2,318 and $2,646. A decisive break below the lower channel support could indicate a larger market top and shift attention to the February lows.
What analysts are watching
Analyst Ardi warned that if the broader crypto market declines further, Ethereum could fall to new lows before Bitcoin even revisits $60,000 — a scenario that would widen the performance gap. But not everyone is reading the tea leaves as bearish. More Crypto Online describes the recent move as corrective, not the start of a strong impulsive selloff. That distinction matters: a corrective decline tends to retrace and then resume trend, while an impulsive drop would confirm a structural shift.
Recovery structure still alive
Despite the breakdown, Ethereum's larger recovery structure remains technically alive as long as sellers don't produce a stronger breakdown. The asset is still holding above its cycle low against Bitcoin from April last year, which represents a macro higher low. That line is critical — lose it and the bullish thesis takes a serious hit. For now, the pair is at a decision point: either buyers step in at the current support zone, or the next leg lower opens up.
All eyes are on whether Ether can defend the $2,187-$2,122 area in the coming sessions. A clean break below that and the February lows become the new floor to watch.
