ETHUSDT

Perp

1,938.9

-1.18%

BTCUSDT

Perp

66,279.2

-0.86%

$ETH /$BTC is once again testing its 8-year descending resistance trendline. This level has capped every major relative ETH rally over the past cycles.

A confirmed break and hold above this trendline would mark a structural shift in favor of ETH and altcoins. Until that happens, this remains resistance, not confirmation.