ETH/BTC has fallen by more than 35% over the past year, and the weakness may not be over. The report points to both chart structure and exchange reserve data, arguing that the pair is still under pressure, with 0.0176 BTC now watched as the next major support level for 2026.
Long-term trendline continues to cap ETH/BTC
Technical analysis in the article shows ETH/BTC still struggling beneath a descending trendline that has acted as firm resistance since 2022. The current setup is described as closely resembling the structure seen before the sharp 70% decline recorded between 2024 and 2025.
In August 2025, the pair tested that trendline again but was rejected at the confluence of the 0.382 Fibonacci retracement and the 50-month exponential moving average. After that rejection, ETH/BTC resumed its decline and slipped below the 20-month exponential average support around 0.034 BTC. The article’s reading is simple: sellers remain in control.
0.0176 BTC seen as the next key level
If the weakness continues, the report says the next notable support for ETH/BTC in 2026 stands at 0.0176 BTC. That level sits about 40% below current prices and lines up with the bottom of the 2020 cycle.
The setup matters because the concern is no longer limited to short-term volatility. A failed retest of a long-term resistance zone, followed by a drop through a major monthly support area, leaves the pair in a more fragile position.
Binance ETH reserves rise to 3.62 million coins
Exchange data in the article also points to stronger sell pressure on Ether. As of May, ETH reserves held on Binance had climbed to 3.62 million coins, equal to roughly 24.6% of all Ether held on exchanges. CryptoQuant data cited in the piece shows a contrast: Ethereum reserves on exchanges are rising, while Bitcoin reserves on Binance are falling.
That distinction is important. Higher exchange balances usually mean more tokens are readily available to be sold, which can weigh on price. Lower reserves often suggest assets are moving off exchanges for longer-term holding. In that reading, ETH supply available to the market is increasing while BTC exchange liquidity is tightening.
Shifting narratives widen the ETH-BTC gap
The article also ties Ethereum’s weaker relative performance to changes in market narrative. It says momentum behind Ethereum’s “ultrasound money” thesis has faded in recent years. Bitcoin, by contrast, is described as benefiting from large institutional accumulation and a growing place in Wall Street portfolios.
Within that framework, institutional buying and broader portfolio inclusion are presented as major forces supporting Bitcoin’s lead over Ether. The report treats those changes as part of the reason the gap between the two assets has continued to widen.