Recently, the price chart of ETH/BTC has shown an exciting trend. Putting aside complex technical terms, we can clearly see a typical inverse head and shoulders pattern forming. The key neckline is at 0.042 BTC, and once it breaks, the price is expected to directly target 0.066 BTC, which means over 70% rise potential.

In addition, the 20-week moving average is about to form a golden cross with the 50-week moving average, a situation that last occurred in July 2020. Looking back in history, after that golden cross, the ETH/BTC ratio soared an astonishing 250%.

However, we also need to remain rational. At 0.045 BTC, the 200-week moving average may form resistance. Over the past two years, every time ETH/BTC reached this level, it faced a pullback. At higher levels, there is a long-term downward trend line that started in 2017, spanning the range of 0.050-0.055 BTC, which will be a greater challenge.

Nevertheless, if ETH can firmly stay above the 200-week moving average, a relative rise of 15%-30% this year is entirely possible. It is worth noting that the ETH/BTC ratio is often seen as an indicator of the strength of the altcoin market. If there is a breakout with volume at this level, it may signal that funds are beginning to flow from BTC to ETH, which could be a precursor to a recovery in the altcoin market.

Overall, the market is brewing changes, and various signals are gradually becoming clear. We are at a critical moment of confirmation. Does this mean that the altcoin market is about to迎来转机? Let us wait and see.