The Ethereum price has once again brought the $4,000 target into focus as the ETH/BTC ratio rebounds from the 2021 bull market support. Currently, Ethereum is trading at $2,513. This decline threatens much of the gains made in May 2025. However, institutional investments shifting from Bitcoin to Ethereum keep market expectations strong. 

The ETH/BTC ratio fell as low as the 0.017 support level. This level provided over 4,000% returns for Ethereum during the 2021 bull season. Now recovering from the same support, the ratio has begun to form an upward trend again. For this trend to gain strength, the ETH/BTC ratio must surpass the 61.8% Fibonacci resistance at 0.0422. If this resistance is broken, the ETH/BTC ratio could rise to 0.082 — the highest level seen since September 2022. 

However, another noteworthy point is the downward slope of the ADX indicator, which shows the current upward trend is weak. Still, historical data suggest that recoveries from this same support level have triggered major rallies in Ethereum’s price. 

Critical Technical Levels Will Determine Ethereum’s Direction 

Ethereum price has found strong support in the $2,400 – $2,550 range. This zone is a key threshold determining the price direction. If this support holds, the first resistance is located at $2,669, marked by the 200 SMA. Moreover, if ETH breaks through this resistance, the price could rapidly reach the $3,800–$3,900 range. Therefore, surpassing this zone could push the price above $4,000, initiating a new bull run. 

Hence, recent analyses have revealed a bull flag forming on the ETH chart. If this pattern breaks to the upside, Ether’s price could directly target the $4,000 level. 

Is Ethereum Preparing for a Rally? 

The ETH/BTC ratio’s rebound from the strong 2021 support level could signal the start of a new uptrend. If the ETH price crosses above the 200-day moving average, a strong rally is expected. Historical data and analyst commentary show that such movements have often led to major price surges. 

THIS IS NOT INVESTMENT ADVICE 

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