ETH/BTC Pair Eyes Major Breakout With Ethereum ETF on Horizon, What’s Next?

Along with Bitcoin, the Ethereum price has come under selling pressure dropping all the way under $3,400. With a 3.5% drop on the weekly chart against Bitcoin’s 5.8%, ETH has been holding relatively well against BTC recently. As per the technical chart, the ETH/BTC pair is reportedly on the verge of a major breakout just before the spot Ethereum ETF goes live next week.