ETH/BTC is forming multiple bullish technical patterns, which analysts believe could trigger a new "counterfeit products season" in 2025.
Technically, the ETH/BTC ratio shows both a cup handle pattern and a bull flag pattern. The cup handle pattern shows a possible breakout of the 0.02596 BTC neckline, and the technical target is close to 0.03814 BTC, suggesting a 55% increase by July. The bull flag pattern indicates a possible breakout to 0.03235 BTC, which is about 30% higher than the current level. Analyst Trader Tardigrade said that a breakout of ETH/BTC could trigger a counterfeit products season in 2025.
The data presented by analyst Sensei shows that the market value of counterfeit products relative to bitcoin is re-testing the long-term upward support trend line. Historically, every rally from this level has heralded a massive rise in counterfeit products, one resulting in a 9,000% gain and another triggering a 180,000% market cap explosion.
Analyst Moustache also pointed out that counterfeit products are breaking through the seven-year falling wedge, a pattern that appeared before the big rally in 2017 and 2020, suggesting that a new round of counterfeit products may be coming.
Analysis: ETH/BTC Ratio Shows 55% Rising Potential, Could Trigger "Counterfeit products Season"
2025-05-31 14:51:47
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