Ethereum Price- Ethereum Targets 0.035 BTC as Institutions Pour In
Ethereum Price– Ethereum (ETH) is showing renewed strength against Bitcoin (BTC), with its ETH/BTC trading pair surging over 50% since hitting multi-month lows in April. Now, analysts say Ether could climb another 30% — and the charts back it up.
On July 10, ETH/BTC confirmed a breakout from a classic bull flag pattern — a strong technical signal that often precedes further upside. The pair hit 0.0267 BTC on Wednesday, its highest level in four months, fueled by rising volume and a key move above the 200-day EMA — a level not crossed in over a year.
“Momentum is clearly shifting,” said chartist VirtualBacon. Renowned analyst Michaël van de Poppe added, “The breakout at 0.02425 was crucial. Altcoins will likely follow Ethereum’s lead against Bitcoin.”
If ETH/BTC maintains support above its 200-day EMA, the breakout’s measured target sits near 0.035 BTC — roughly 30% higher — possibly by late August or September.
Why Is Ethereum Outperforming Now?
Institutional interest is playing a major role. According to CoinShares, Ethereum investment products have seen 12 straight weeks of inflows, totaling $990 million — the fourth-largest streak ever recorded.
“In relative terms, Ethereum’s inflows represent 19.5% of its assets under management, compared to just 9.8% for Bitcoin,” wrote James Butterfill, head of research at CoinShares.
Despite being down -5.85% year-to-date in USD terms, Ethereum’s improving fundamentals, including rising ETP inflows and growing treasury adoption, suggest a strong catch-up potential.
As Bitcoin cools, Ethereum appears to be regaining market dominance. If current trends continue, ETH could emerge as the altcoin leader in the next crypto cycle.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
