Ethereum Ready To Breakout Against Bitcoin – Analyst Reveals When To Sell

bitcoinistPublished on 2026-01-07Last updated on 2026-01-07

Abstract

Cryptocurrency analyst John Carter presents a bullish technical analysis for the ETH/BTC trading pair, which is showing renewed momentum. The price is approaching the upper boundary of a long-term Broadening Wedge pattern on the weekly chart. After a sharp rebound from the wedge's lower support, the pair is now consolidating near resistance, with breakout signals emerging. Carter identifies key upside targets if a breakout occurs: an initial target at 0.041 BTC, followed by 0.051 BTC and 0.060 BTC. The primary sell zone is set at 0.081 BTC, where significant selling pressure is anticipated. The analysis also outlines critical support levels to watch in case of a pullback: the first major support is near 0.031 BTC, followed by 0.026 BTC. A break below could see the price fall toward 0.022 BTC or even 0.0185 BTC, which is the wedge's support zone. A drop below this level could push ETH/BTC toward the pattern's lower boundary near 0.010 BTC.

Bitcoin and Ethereum are showing renewed momentum after recovering and rising by more than 7% in the past week. As bearish trends slowly reverse, a crypto analyst has shared a detailed analysis of the ETH/BTC chart, predicting the trading pair’s next moves. The analysis highlights key upside targets and identifies a specific sell zone, signaling when traders may consider taking profits.

Ethereum Approaches Key Sell Zone Against Bitcoin

Crypto market technician John Carter has illustrated a bullish setup for the ETH/BTC pair in one of his latest chart analyses on X. According to Carter, Ethereum is reaching a critical decision point against Bitcoin, with price hovering near an important technical level within a Broadening Wedge pattern. The setup points to a potential breakout, highlighting a clearly defined resistance zone where selling pressure is expected to emerge.

Notably, Carter has stated that Ethereum is currently approaching the upper boundary of the long-term Broadening Wedge on the weekly chart. This structure has guided Ethereum’s performance relative to BTC for several years, with prices expanding between widening trendlines.

Source: X

Recently, ETH/BTC bounced from the lower support zone of the Broadening Wedge, confirming that buyers are defending that level. The rebound from support was sharp and well defined, and after touching the lower boundary of the wedge, the pair launched a strong recovery leg. This upward move pushed the price back into the upper half of the wedge, setting ETH/BTC on a direct path toward resistance.

According to Carter, ETH/BTC is now completing its final phase of consolidation within the wedge. As a result, breakout signals are emerging as price tightens near resistance, and the trading pair holds higher lows. If ETH/BTC confirms a breakout above the wedge’s upper boundary, Carter predicts that it will climb to an initial target of $0.041, aligning with a previous consolidation area.

Beyond that, price could advance upward $0.051 and $0.060. The final upside target has been set at $0.081, which overlaps with the broader resistance zone on the chart. The analyst marks this resistance as a sell zone, showing when traders can begin taking profit.

Analyst Outlines Critical Support Levels For ETH/BTC

In his analysis, Carter also identified several support zones that could act as key defense levels if Ethereum faces a pullback against Bitcoin. The first major support zone lies near the upper boundary of the Broadening Wedge pattern, around $0.031. Below that, the analyst has pinpointed another support level at $0.026.

If the price falls below $0.026, the next notable support is around $0.022, representing a roughly 35% decline from current levels above $0.034. In the event of an even deeper correction, Carter forecasts that ETH/BTC could drop to $0.0185, a level marked on the chart as the Broadening Wedge’s “support zone.” Any move below this support would likely push ETH/BTC toward the lower boundary of the wedge, which extends down to $0.010.

ETH price pushes toward $3,500 | Source: ETHUSDT on Tradingview.com

Related Questions

QWhat is the key technical pattern that the analyst John Carter identifies for the ETH/BTC pair?

AThe analyst identifies a Broadening Wedge pattern on the weekly chart.

QAccording to the analyst, what is the initial upside target for ETH/BTC if it breaks out above the wedge's upper boundary?

AThe initial upside target is 0.041 BTC.

QWhich price level does the analyst mark as the final upside target and the sell zone for traders?

AThe final upside target and sell zone is at 0.081 BTC.

QWhat are the two major support levels identified by the analyst in case of a pullback?

AThe two major support levels are at 0.031 BTC and 0.026 BTC.

QFrom which key level did the ETH/BTC pair recently bounce, confirming buyer defense?

AIt recently bounced from the lower support zone of the Broadening Wedge pattern.

Related Reads

Chris Jericho to Join and Co-Create Official Community Traits for Kokopi Koalas™ NFT Collection

Pro wrestling legend and collector Chris Jericho is officially partnering with the Kokopi Koalas NFT project on Solana. As part of the collaboration, Jericho will host live community events where holders can submit ideas for official "Chris Jericho Traits." He will personally select the winning designs, which will then become available for purchase in the project's Trait Store. This store allows NFT holders to continuously customize and evolve their Koala NFTs by acquiring and swapping traits. Holders of these official traits will also gain access to exclusive, limited-edition real-world merchandise like apparel and posters at a discount. The partnership aims to deepen community engagement, with Jericho also providing VIP access to token holders through Discord and X.com. The Kokopi Koalas mint is scheduled for June 11. The project emphasizes ongoing customization through future trait releases, including upcoming soccer-themed traits for the World Cup.

TheNewsCrypto29m ago

Chris Jericho to Join and Co-Create Official Community Traits for Kokopi Koalas™ NFT Collection

TheNewsCrypto29m ago

50% Of All Bitcoin In Circulation Are Now Sitting On Major Losses, Is This A Bottom Signal?

Bitcoin is potentially flashing a key contrarian signal as over 10.46 million BTC, roughly half of its circulating supply, is now held at a loss. This metric, highlighted by analyst Ali Martinez using Glassnode data, has historically coincided with major market turning points. The significant increase in underwater supply, alongside Bitcoin's price decline of over 40% from its highs to around $63,242, suggests heightened investor stress. Martinez notes that such elevated loss holdings can reduce selling pressure as holders are less incentivized to realize losses. Supporting this, the Net Unrealized Profit/Loss (NUPL) indicator has entered the "Hope-Fear" zone, reflecting shaken confidence. While a definitive bottom is unconfirmed, the scale of unrealized losses places Bitcoin in a historical accumulation zone, raising debate on whether the current decline is nearing its end.

bitcoinist52m ago

50% Of All Bitcoin In Circulation Are Now Sitting On Major Losses, Is This A Bottom Signal?

bitcoinist52m ago

Strategy Sold Bitcoin, Now Metaplanet Is Down 47% — Who Sells Next?

Japan's Metaplanet, a major corporate Bitcoin holder, is considering a share buyback program to boost its Bitcoin-per-share ratio. This decision is triggered because its market value has fallen below the value of its Bitcoin holdings (mNAV ratio of 0.90). CEO Simon Gerovich stated the company's primary goal is maximizing "BTC Yield." Buying back shares at this discount is mathematically equivalent to acquiring Bitcoin below market price, increasing the BTC per share for remaining shareholders without buying new coins. Metaplanet holds roughly 40,177 BTC and aims to hold 210,000 by 2027. Its stock is down 47% year-to-date, a decline that, under its own policy, creates an opportunity for value-accretive repurchases.

bitcoinist2h ago

Strategy Sold Bitcoin, Now Metaplanet Is Down 47% — Who Sells Next?

bitcoinist2h ago

Dialogue with a Macro Analyst: AI Drains All Liquidity from U.S. Stocks, $40K Bitcoin is the True Bottom

In a recent discussion, macro strategist Luke Groman, founder of FFT LC, presented a sobering analysis of current markets. He argues that while the S&P 500 hits new highs, this is largely driven by just seven AI stocks, which are "sucking all the oxygen and liquidity out of the room." Bitcoin, which he calls the "last working smoke alarm for liquidity," is signaling trouble, having entered a difficult period. Groman explains that the AI boom is fueled by accounting practices that front-load revenue, creating an illusion of high profits while cash is being depleted. He warns this cycle could reverse sharply when construction slows. His base case is that stocks will rise in dollar terms but fall significantly when measured in gold or Bitcoin, highlighting that long-term US Treasury futures have already lost 90% of their value against gold over the past decade. He points to major structural risks, including China's dominance in rare earths—a small commodity market underpinning trillions in tech stock value—and the prolonged closure of the Strait of Hormuz, which he calls a "Suez Moment" for the US. This, combined with a shift towards a "no ticky, no washy" proof-of-work system for settling trade (using gold, not trust), signals deeper systemic distrust. Regarding US debt, Groman notes that historically, all 58 countries that reached a 130% debt-to-GDP ratio defaulted, primarily through inflation. The US crossed this threshold in 2020. He also highlights a contradiction in the AI narrative: if it's as transformative as claimed, it must destroy white-collar jobs, threatening half of US tax revenue—a reality at odds with the "no job loss" messaging from tech leaders. On Bitcoin, Groman sold most of his position near the top and hasn't fully re-entered. Citing technical analysis from Northstar Bad Charts, he suggests a potential bottom around $40,000 could materialize in Q3 or Q4. He concludes that while he may be labeled a doomsayer, his view is simply realistic, grounded in historical precedents and current macro pressures.

marsbit3h ago

Dialogue with a Macro Analyst: AI Drains All Liquidity from U.S. Stocks, $40K Bitcoin is the True Bottom

marsbit3h ago

Broadcom vs AMD: Which is the Most Promising AI Chip Stock to Bet on After Nvidia?

Amidst Nvidia's dominance in the AI chip market, Broadcom and AMD are key contenders for the second-place spot. AMD competes directly in general-purpose GPUs, gaining some traction with clients like Meta but facing significant challenges overcoming Nvidia's entrenched CUDA software ecosystem. In contrast, Broadcom pursues a differentiated strategy by designing custom XPU chips tailored to specific AI workloads for major clients like Anthropic, Google, Meta, and OpenAI. This approach offers efficiency advantages and greater customer stickiness, particularly as AI compute shifts from training to inference. Despite a recent stock sell-off following a Q2 revenue guidance miss, Broadcom's CEO reaffirmed the long-term target of $100 billion in annual AI chip revenue by fiscal 2027. With Q2 AI revenue at $10.8 billion, significant growth potential remains as its custom chip projects ramp up. While Broadcom trades at a higher valuation multiple than AMD, analysts argue this premium is justified given its superior competitive positioning and expected faster growth trajectory, making it the more compelling investment choice following its recent pullback.

marsbit3h ago

Broadcom vs AMD: Which is the Most Promising AI Chip Stock to Bet on After Nvidia?

marsbit3h ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions

Hot Categoriesright-arrow

Hot Tagsright-arrow