Ethereum’s price is currently hovering near a crucial support level last seen in the 2021 bull market surge. This renewed test of support has sparked debate about a potential price rebound, particularly as the ETH/BTC ratio drops and impacts broader cryptocurrency markets. No significant announcements from Vitalik Buterin or the Ethereum Foundation have surfaced to address the current price dynamics. Despite this, the market appears to be observing the situation with cautious optimism. 0.0238 is currently the estimated ETH/BTC value, a level that shows historical correlations with market trends. The overall impact on other altcoins, such as Solana, highlights the intricate relationship between Ethereum and broader market movements.