The post Best Crypto to Buy Now as ETH/BTC Ratio Nears Key Support Level appeared on BitcoinEthereumNews.com.

The level from which Ethereum pumped by 450% is now approaching again. This critical level is for the ETH/BTC pair, which is ₿0.016. And it is not just the numerical value that’s making the community excited, but even the Relative Strength Index (RSI) is also showing a comparable oversold level. And while the ETH price continues to trade below the moving average, the recent analysis shows that a price uptick may be coming really soon. Ethereum Could Pump Soon, Analysts Believe Ethereum has continued to fail to generate as much institutional interest as Bitcoin, which has pushed the ETH price to follow a bearish trajectory. Reports show that the ETH/BTC pair is down 80% from its all-time high in Ethereum’s 2021 cycle. Ethereum’s switch to proof-of-stake has been called the culprit in this situation. Amidst the doubts, it seems like Vitalik Buterin, the founder of Ethereum, has come to understand the project’s shortcomings and has now proposed changes to make Ethereum’s base protocol even simpler. This comes from a blog post titled “Simplifying ETH,” in which he has appreciated the simplicity of Bitcoin and now aims to integrate a simpler architecture into Ethereum’s ecosystem. The move has been called by analysts such as Borovik “the most bullish thing on ETH.” the most BULLISH thing for ETH just happenedVitalik proposes a 5-year plan to simplify ETH L1Goal: reduce complexity, boost security, & cut dev costs- Replace current consensus with a 3-slot finality system- Migrate from EVM to a ZK-friendly VM (RISC-V)- Standardize… pic.twitter.com/NDGT6bBT2Y — borovik.sol (@3orovik) May 3, 2025 Analysts such as Jimie have noted that ETH/BTC has been trying to break through the “bearish parabola” that has contained ETH since 2021.   “Continuation of this parabola could push $ETHBTC to 0.016,” the analyst said in a tweet. However, not all…

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Filed under: News - @ May 5, 2025 3:29 pm