Ethereum Could Reach $24k And Why It's A Better Buy Than Bitcoin in the Next Bull Run It may seem that Ethereum is dead because of it's relatively poor bull run of 2024/25, but Ethereum curre
Ethereum Could Reach $24k And Why It's A Better Buy Than Bitcoin in the Next Bull Run
It may seem that Ethereum is dead because of it's relatively poor bull run of 2024/25, but Ethereum currently offers the more attractive upside over bitcoin.
The reason is not based on hype or narratives. It comes directly from the technical structure of the ETH/BTC chart, which measures Ethereum’s performance relative to Bitcoin.
ETH/BTC currently trades around 0.03, meaning one Ethereum is worth approximately 0.03 Bitcoin. After years of underperformance, the pair appears to be forming a potential long-term reversal structure shown below:
ETH/BTC ratio setup
The first major resistance is the 0.618 Fibonacci retracement, which aligns with an ETH/BTC ratio of approximately 0.06.
In simple terms, Ethereum’s return multiple would be approximately twice that of Bitcoin.
Assuming Bitcoin reaches a conservative bull-market target of $200,000:
$200,000 BTC × 0.06 ETH/BTC = $12,000 ETH
From Ethereum’s current price of around $1,900, that would represent roughly a 6X rally.
Bitcoin, meanwhile, would rise from approximately $63,000 to $200,000 just over a 3X increase.
If ETH/BTC breaks decisively above the 0.618 level, the next major technical target would be the 1.618 Fibonacci extension, around 0.12 ETH/BTC.
That would represent a 300% increase in the ETH/BTC ratio from its current level.
Using the same $200,000 Bitcoin target:
$200,000 BTC × 0.12 ETH/BTC = $24,000 ETH
A move from $1,900 to $24,000 would give Ethereum approximately a 12X return around four times Bitcoin’s projected return multiple.
A return to 0.06 would not require ETH/BTC to enter unknown territory. The ratio topped around 0.1 in 2018 and 0.09 in 2021.
Historical ETH/BTC ratio perfomance
The bullish 0.12 target is a bit aggressive, but ETH/BTC has previously traded near that level during earlier market cycles. Therefore both the 0.06 ($12k ETH) and 0.12 ($24k ETH) ratios are well within reasonable reach for the ethereum price.
Disclaimer: This article is based on technical analysis and subjective amalysis and should not be consumed as finacial advice.
