Ethereum is trading above $3,160 for a weekly gain of 5% as analysts track ETH/BTC’s strength and key resistance that could signal an overperformance.
Ethereum (ETH) is trading above $3,160 and has now logged five straight days of gains. The weekly profit stands at 5%, with a trading volume of more than 17 billion dollars in the last 24 hours.
The price briefly touched the $3,160–$3,200 area, which several traders have marked as a resistance zone. Market participants are watching this level closely for signs of a breakout or rejection.
ETH/BTC Chart Shows Normal Pattern
A chart shared by Sykodelic tracks the performance of Ethereum against Bitcoin from 2016 to 2026. In previous cycles, ETH started to gain against BTC before major market peaks. These periods are shown as green boxes on the ETH/BTC chart, starting with breakouts and ending as broader altcoins gain momentum.
Sykodelic noted that Ethereum appears to be entering this phase as well. write them,
“What we’re seeing here is clearly that $ETH is currently at the beginning of its outperformance against Bitcoin.”
Interestingly, the ETH/BTC ratio is now around 0.034, and the recent breakout above the long-term line has sparked renewed interest. They added that Ethereum tends to perform better during periods of increased market volatility.
“We haven’t had this yet this cycle,” they said, suggesting that Ethereum may be at the beginning of this phase. The chart layout, according to Sykodelic, follows the same pattern as the previous rotation.
Separately, the daily chart from Ali Martinez shows Ethereum trading within an equilateral triangle, formed by the low and high highs since December. The price is now near the top of that triangle, around $3,130. According to Martinez, the outbreak can lead to a 30% movement in either direction.
You may also like:
Resistance is marked at $3,300. If it is broken, Ethereum could move to $4,000. If rejected, the downside level remains near $2,190. Volume remains strong, and traders look for exits or divergences as price approaches the end of the pattern.
Repeating Setup From Previous Cycle?
CryptoWZRD compared Ethereum’s recent correction to that seen in mid-2024. During that time, ETH fell 46% before entering a 12-week consolidation, then moving higher. Recent declines reflect that pattern. ETH is now trading between $2,800 and $3,200, close to where the last range was formed.
They said, “Ethereum must hold low, or it will break the range,” pointing to the lower part of the current building.” The area remains the same for now and can form the basis of another leg up, as long as it holds.
Currently, ETH is 36% below the August 2025 high (via CoinGecko data). Buyers continue to accumulate, and there are some predictions that the cycle will pass $7,000-$10,000.
SECRET AFFILIATE BONUS for CryptoPotato readers: Use this link to sign up and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
