🚀 ETH/BTC Long-term Descending Channel Pressure, 0.02937 Key Level: Can Ethereum Turn Around? 🚀
This Binance ETH/BTC monthly chart (2016–2026) is super shocking! Since the peak of 0.15+ in 2017, a descending trendline (also known as the "Death Line") lasting 9 years has firmly suppressed ETH's performance relative to BTC, with the current ratio at 0.02937 (-5.68%), oscillating along the lower channel boundary, touching historical low ranges!📉
Historical Trajectory: ETH/BTC has repeatedly built bottoms and rebounded around 0.02–0.03 (such as in 2019 and 2022), but each time failed to effectively break through the upper descending trendline, leading to Ethereum underperforming against Bitcoin in the long term.
Current Situation (Mid-February 2026): The ratio is about 0.029–0.0296 (TradingView, CoinGecko, Yahoo Finance data), with a significant decline within the month, ETH prices around $2,000–$2,100, and BTC dominance strong (High Dominance), with whale sell-offs and market corrections exacerbating pressure.
Technical Interpretation: The white descending channel in the chart extends from the 2017 peak to the present, with ETH/BTC continuing to form lower lows and lower highs, indicating a bearish structure. If it holds the support at 0.028–0.03 in the short term, a rebound testing the upper channel boundary (around 0.04+) may occur; however, if it breaks below, it may explore the historical low range of 0.02, indicating further weakness for ETH relative to BTC!
Market Consensus: Many analysts (such as the TradingView community, Ted Pillows) point out that this 8–9 year descending trendline is crucial; if it can break through on a weekly/monthly closing basis, it will trigger ETH's relative strength and an Altseason rotation; conversely, BTC will continue to dominate, and ETH will need to wait for Layer 2 upgrades or institutional inflows as a catalyst.
ETH/BTC is now at a critical juncture of tug-of-war between bulls and bears—do you believe ETH will finally break through the "Death Line" and surge towards 0.04–0.05, or do you think BTC's dominance will continue? Quickly leave your thoughts in the comments, and let's keep an eye on this critical turning point!🔥
