For a long time, Bitcoin (BTC-USD) has been the clear leader in the crypto market, but that may be about to change. Technical experts are noticing a specific shape forming on the Ethereum-to-Bitcoin (ETH/BTC) price chart. This shape, known as an inverse head-and-shoulders, usually means a big price reversal is coming. If this pattern completes, Ethereum (ETH-USD) could see its value nearly double when measured against Bitcoin, potentially reaching levels we haven’t seen in years.
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History Could Repeat Itself
History often repeats itself in the world of crypto. A very similar chart pattern showed up back in 2021 right before Ethereum went on a legendary run. To confirm this new rally, Ethereum needs to climb above the 0.042 BTC mark. Once it breaks through that ceiling, there is very little standing in its way. Analysts like Michael van de Poppe believe that Ethereum has already hit its lowest point and is now ready to outpace Bitcoin throughout the rest of 2026.
The Ethereum Network Is at Its Busiest Ever
Even though the price hasn’t exploded yet, the Ethereum network itself is working harder than ever. More people are using it for stablecoins and decentralized finance (DeFi) than at any other time in history. Standard Chartered analysts recently pointed out that Ethereum is becoming the “financial plumbing” of the digital world. While recent upgrades made the network cheaper to use, which temporarily lowered fees, the sheer amount of activity suggests that the demand for Ethereum is building up like a coiled spring.
What Could Stop the Rally?
While the outlook is mostly positive, there is still some risk. If the price fails to break upward and instead falls below recent lows, the copycat rally could be canceled. On shorter timeframes, some traders worry about a bear pennant, which is a small flag-shaped pattern that can sometimes lead to a price drop. If the price falls toward 0.024 BTC, it would mean that Bitcoin is still the king of the market and Ethereum needs more time before it can truly break out.
The bottom line is that the next few weeks are very important for Ethereum. If it can clear the 0.042 BTC hurdle, we could see a massive shift in the market where Ethereum finally begins to win back ground from Bitcoin. With network usage at record highs and a pro-crypto environment in 2026, many investors are watching to see if this famous 95% rally finally begins.
At the time of writing, Ethereum is sitting at $3,131.52.
