As the crypto market matures, the relative strength between Ethereum and Bitcoin is becoming one of the most talked about stories. The ETH ecosystem is entering a new phase of growth, fueled by scaling solutions, increasing staking participation, and a more efficient supply structure. These improvements are steadily strengthening ETH’s foundations and long-term usefulness within the decentralized finance sector and beyond.
Ethereum, Bitcoin recovery depends on adoption and market rotation
The debate over whether Ethereum can regain its 2021 highs versus Bitcoin is gaining new momentum as institutional voices become increasingly bullish. Crypto analyst Walter Bloomberg revealed on
Geoff Kendrick argues that the current disconnect between ETH’s strong fundamentals and weak price performance is only temporary. Meanwhile, ETH has experienced a significant decline to $2,100, down 57% since August 2025, with the ETH/BTC ratio down 37%. However, on-chain transaction levels and total value (TVL) across the ecosystem have reportedly remained near all-time highs.
Standard Chartered is reportedly comparing the current ETH situation to that of a major tech company, Amazon, during the 2021 dotcom crash, suggesting that ETH could recover. The bank maintains aggressive long-term goals and expects Ethereum to reach $4,000 by 2026 and possibly $40,000 by 2030.
A move of that magnitude would also push the ETH/BTC ratio back to its 2021 peak. The bullish thesis is largely driven by ETH’s dominant 50-65% position in stablecoins and tokenized real-world assets (RWAs), with both sectors expected to see massive growth.
Macro technical levels continue to determine ETH/BTC direction
An affiliate with sizeprop, known as Scient on X, has named that the broader Ethereum and Bitcoin macro forecast has now completed a textbook pattern, closely following the plan laid out at the February low. After a sustained three-month rally, the price delivered a clean bearish retest of the daily market structure shift (MSS) and breaker zone, before rotating lower to sweep liquidity at the February lows and fill the fair value gap. This step represents a technical execution of the thesis by the book.
Currently, as the price reaches the critical Fibonacci zone of 0.75, the weekly time frame is starting to show the first signs of a possible rebound. If ETH/BTC is going to make a meaningful bottom, this would be the area where it will happen.
On the lower time frames, the 12-hour chart shows an important development. The price has held off its lows for over a week, with the Relative Strength Index (RSI) showing bullish divergence, which is often a signal of classical accumulation at a key level.
Scient noted that confirmation of a sustained rise is still pending, and that the current setup puts ETH/BTC at a decisive moment. Either way, the coming days will likely be crucial in determining the next major direction.