Can Ethereum Reclaim Its 2021 Highs Against | Crypto News
As the crypto market matures, the relative strength between Ethereum and Bitcoin is changing into one of the most mentioned narratives. The ETH ecosystem is getting into a new section of growth, fueled by scaling options, rising staking participation, and a more environment friendly provide construction. These enhancements are steadily reinforcing the ETH fundamentals and long-term utility within decentralized finance and past.
Ethereum, Bitcoin Recovery Depends On Adoption And Market Rotation
The debate around whether or not Ethereum can reclaim its 2021 highs against Bitcoin is gaining renewed momentum as institutional voices flip more and more optimistic. Crypto analyst Walter Bloomberg revealed on X that Geoff Kendrick of Standard Chartered stays strongly bullish on ETH despite its extended underperformance against BTC.
Geoff Kendrick argues that the current disconnection between ETH’s strong fundamentals and its weak price efficiency is only momentary. Meanwhile, ETH has skilled a vital drawdown to $2,100, a 57% since August 2025, with the ETH/BTC ratio declining by 37%. However, the on-chain transaction ranges and whole worth locked (TVL) across the ecosystem have reportedly remained close to all-time highs.
Standard Chartered reportedly compares the current ETH scenario to a major technology company, Amazon, during the 2021 dot-com crash, suggesting ETH might bounce back. The bank maintains aggressive long-term targets, projecting Ethereum to attain $4,000 by 2026 and doubtlessly reaching $40,000 by 2030.Â
A transfer of that scale would also push the ETH/BTC ratio back toward its 2021 peak. The bullish thesis is essentially pushed by ETH’s dominant 50-65% place in stablecoins and tokenized real-world belongings (RWAs), with both sectors anticipated to expertise huge growth.
Macro Technical Levels Continue To Shape ETH/BTC Direction
A accomplice with sizeprop identified as Scient on X has talked about that the broader Ethereum and Bitcoin macro prediction has now accomplished a textbook sample, carefully following the plan mapped out at the February lows. After a sustained 3-month rally, the price delivered a clean bearish retest of the daily market construction shift (MSS) and breaker zone, before rotating decrease to sweep liquidity at the February vary lows and fill the honest worth hole. This transfer represents a textbook technical execution of the thesis.
Currently, with price tapping into the crucial 0.75 Fibonacci zone, the weekly timeframe is starting to show early indicators of a potential bounce. If ETH/BTC goes to set up a significant backside, this could be the world where it would occur.
On the decrease timeframes, the 12-hour chart reveals an important development. The price has been holding its lows quietly for over a week, with the Relative Strength Index (RSI) printing bullish divergence, often a signal of traditional accumulation at a key degree.
Scient famous that the affirmation of a sustained transfer greater is still pending, and the current setup locations ETH/BTC at a decisive second. Either method, the approaching days are possible pivotal for figuring out the next major direction.
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