ETH/BTC eight-year convergence nears breakout, could trigger stronger 2026 altcoin season
ETH/BTC nears an eight-year apex. Analyst CW says a breakout could start a 2026 altcoin season, stronger than 2021.
CW points to a long convergence on the ETH/BTC pair. He shared the setup on X and tied it to the current bull cycle. See his post CW on X and context on the current bull market.
The structure sits on the weekly chart since mid‑2017. It looks like a large descending triangle or wedge on ETH/BTC. The pair peaked near 0.16, then compressed between falling resistance and flat support around 0.020. It now trades near 0.029, close to the apex. References: ETH/BTC setup on Bitcoinist, pattern description via NewsBTC, and prior peak during the 2021 bull run.
Key levels:
- Peak around 0.16
- Support near 0.020
- Price near 0.029
CW says a break would end eight years of compression and flip strength from Bitcoin (BTC) to Ethereum (ETH), then to broader alts. He links this to the potential onset of a 2026 altseason. Source: Bitcoinist on 2026 altseason and his post CW on X.
He expects 2026 to surpass 2021, closer in breadth to 2017. He notes traders often underrate 2017’s gains versus the selective rally in 2021. Background: Bitcoinist on BTC vs altseason history.
CW also shared a CryptoQuant chart: CEX volume of non‑BTC assets versus BTC (ex‑stablecoins) has stayed above BTC for longer in 2026 than in 2021. He says this sustained activity plus the ETH/BTC setup strengthens the altseason case. Sources: his post CW on X with CryptoQuant chart and comparison via Bitcoinist.
