Ethereum’s Price Movement: How ETH/BTC Breakout Affects Altcoin Performance

Cryptocurrency expert Daan highlights the significance of the ETH/BTC trading pair in determining altcoin performance. The pair has been consolidating within a tight range, but a breakout above the 0.026 level could ignite renewed strength for altcoin-to-Bitcoin trading pairs. This would particularly benefit Ethereum-linked assets like DeFi tokens, memecoins, and Layer 2 projects. However, caution is advised if ETH/BTC falls below the 0.0224 support level. A breakdown in this zone could signal a retracement of the recent squeeze, potentially dragging altcoins down relative to Bitcoin—even when USD values remain stable.