Ethereum Strengthens: Three Critical Signals for XRP

Recently, Ethereum (ETH) has drawn investors' attention again with its strength against Bitcoin (BTC). While the overall cryptocurrency market is under pressure, important analyses are emerging for Ether and XRP.

According to data shared by CoinDesk analyst Omkar Godbole, Bitcoin fell by more than 2% during the day, dropping to around $97,000, while Ethereum maintained a more stable path at about $3,230. This situation caused the ETH/BTC ratio to increase by more than 2%, and particularly due to Ethereum's relative strength against the market, it attracted investors' interest.

Analyses show that the ETH/BTC ratio has been consolidating within a slightly sloping downward channel following the rally between May and August. This structure indicates a resting phase rather than a downtrend. Additionally, the MACD histogram for the ratio is preparing to rise above zero, increasing the likelihood that Ethereum may enter a new uptrend against Bitcoin. A breakout of the channel upwards could indicate a strong investor inclination in favor of Ethereum.

Ethereum against the dollar has created a strong buyer base around the $3,000 region, while it has been observed that sellers are weakening with long-wicked candles. This situation suggests that a clear channel breakout could trigger a broader upward movement in Ethereum.

On the other hand, there could be significant developments for XRP as well. Analysts indicate that a strong breakout on the Ethereum side could also serve as an important catalyst for the XRP/BTC ratio. XRP has been stuck in a wide horizontal band against Bitcoin for four years; this situation shows an accumulation of energy before a major move. If Ethereum strengthens its upward trend and revives the altcoin market, the long-awaited upward breakout in the XRP/BTC pair could occur, creating new profit opportunities.