2026-01-18 08:40:39

The strong pattern of Ethereum relative to Bitcoin is emerging

Just look at ETH's performance against BTC — this wave of Ethereum's market movement is not simple. Starting from the low point in early November, each subsequent pullback has been higher, and the chart has already outlined an inverse head and shoulders pattern. What does this typically indicate? A reversal is brewing, and the probability of a medium-term rally is increasing.

Numbers speak for themselves. Using Fibonacci retracement to project Ethereum's subsequent targets:
- 50% retracement corresponds to the $5,766 level
- The 0.618 level points to $6,658
- If it retraces fully, there is room to $9,547

This cannot be explained by short-term fluctuations alone. The improvement in relative strength combined with structural recovery is driving this current situation.

In other words, if the ETH/BTC ratio continues to rise, it would be no surprise for Ethereum to outperform Bitcoin. In the upcoming market, Ethereum still has the potential to outperform.

ETH1,29%

BTC-0,08%

SOL-1,07%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
5
Repost
Share

Comment

0/400

RektHunter

· 9h ago

Such a clear inverse head and shoulders pattern—if you don't believe ETH can take off this time, then you're really missing out. Can 9547 really be reached?

View OriginalReply0

CoinBasedThinking

· 9h ago

ETH this wave really has some substance, the inverse head and shoulders pattern can't be ignored --- The Fibonacci data looks solid, the key is whether it can hold this rally --- BTC has risen so much, can ETH still outperform? Honestly, that's a bit difficult --- Reversal is brewing... feels like the next wave of ETH is about to take off --- The 9547 target is just too beautiful, reaching halfway would be a huge win --- ETH's relative strength against BTC is indeed changing, I believe in this logic --- Every time there's a low rebound, you get so excited, be careful not to get caught

View OriginalReply0

SnapshotBot

· 10h ago

Once the inverse head and shoulders appear, this move definitely has some potential. I was previously focused on BTC, now it's time to see ETH's performance.

View OriginalReply0

BetterLuckyThanSmart

· 10h ago

ETH this wave is indeed a bit different. With the combination of inverse head and shoulders + Fibonacci, it looks quite promising. Are you planning to get in now or continue to watch? I feel that the key level of 6658 needs to be broken for it to truly take off. Honestly, Bitcoin has been somewhat suppressed lately, and the probability of ETH outperforming has indeed increased. However, the target of 9547 is a bit of a dream; we need to take it step by step. Every time I see this kind of technical analysis, I think of last year's predictions—it's hilarious.

View OriginalReply0

MEVHunterZhang

· 10h ago

The reverse head and shoulders theory has been heard quite a bit, but the data here is indeed interesting. If the target at 9547 really gets hit, then BTC's spotlight will probably be subdued.

View OriginalReply0