Ethereum/Bitcoin Chart is ‘The Most Important’ for Altcoins According to Miles Deutscher – Here’s His Outlook

The ETH/BTC ratio remains a crucial chart to watch when assessing the altcoin market outlook, according to crypto analyst Miles Deutscher.

With Bitcoin range-bound between $30,000 and $40,000, Deutscher notes that Ethereum needs to reclaim the 0.55 level on the weekly ETH/BTC chart to signal a potential bullish shift for altcoins.

“The most important chart for altcoins: ETH/BTC. $ETH, the leader of the alts, has been bleeding vs $BTC. Until it reverses, it’s unlikely we see any substantial alt rally. I’m watching to see if it reclaims the 0.55 level on the weekly. It has deviated below in the past.”

Ethereum has deviated below this level before without kickstarting an altcoin rally, so caution remains warranted in the near-term. However, a decisive break above 0.55 would mark a notable technical achievement.

At the time of writing, Bitcoin trades around $34,190 while Ethereum hovers below $1,800 – both consolidating after last week’s surge. But this consolidation may continue until stronger directionality emerges in Bitcoin.

While the ETH/BTC chart highlights a key test for Ethereum, Bitcoin requires a more substantial move up or down to impact broader altcoin price action. Levels to watch are $30,000 and $40,000.

In summary, while speculative, a breakout in Ethereum relative to Bitcoin could hint at an impending altcoin season. But prudence remains essential until clear upside price action occurs. monitoring ETH/BTC and Bitcoin price levels is recommended when gauging the altcoin market outlook.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!