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- $ETH gained over 18 percent in one month as it pushed above the 0.03200 $BTC resistance level.
- The $ETH/$BTC pair continues to trade above all four moving averages, showing active trend support.
- Social engagement reached 72,000 views, with many users favoring $ETH strength over $BTC performance.
Ethereum is gaining strength against Bitcoin, with the $ETH/$BTC pair hitting 0.03200 $BTC on Kraken, signaling renewed bullish momentum. On the 4-hour chart, Ethereum has built a rising trendline while holding above all major moving averages. This development raises a critical question: could $ETH outperform $BTC in the coming weeks?
$ETHBTC doesn't look like it wants to stop… pic.twitter.com/3PWWBUi73I
— Chris Burniske (@cburniske) August 6, 2025
$ETH/$BTC Builds on Momentum With Bullish Price Action
The $ETH/$BTC pair has surged from a low near 0.02700 $BTC in early July to 0.03200 $BTC by August 7, 2025. This represents a gain of over 18% in less than 30 days, driven by improving technical structure and consistent volume support.
The price action shows a clear bullish trend. It broke above the 0.02888 $BTC resistance—now acting as support—and never looked back. Stronger higher highs and higher lows continue to form as the pair remains firmly supported by key exponential and simple moving averages.
According to the chart shared by Chris Burniske on social platform X, $ETH/$BTC is following a steady uptrend. Burniske remarked, “$ETHBTC doesn’t look like it wants to stop…” signaling his view on the sustained upward pressure in Ethereum’s relative strength.
Traders Track Key Moving Averages for Support and Resistance
The $ETH/$BTC 4-hour chart features four main moving averages: the 50 EMA (white), 100 EMA (purple), 200 EMA (green), and 300 EMA (yellow). These averages are acting as dynamic support zones that have consistently held through recent pullbacks.
The 50 EMA is currently at 0.03155 $BTC, while the 100 EMA is at 0.03128 $BTC. Both are closely aligned and hugging the current price, offering short-term support. The 200 EMA at 0.03060 $BTC and the 300 EMA at 0.02888 $BTC represent deeper support zones if correction occurs.
Volume analysis confirms increasing trader participation. A large green candle broke resistance near July 13, sparking the rally from 0.028 to 0.031 $BTC. Each leg higher has been accompanied by rising volume bars, validating price strength.
The chart shows Ethereum steadily outperforming Bitcoin on a relative basis. Price remains above the trendline drawn from July’s low, with each dip forming a higher low. $ETH’s current price is 0.03200 $BTC, while the buy-side quote stands at 0.03201 $BTC on Kraken.
Social Sentiment Turns Bullish as Price Action Strengthens
The chart post has gained over 72,000 views on X, alongside hundreds of interactions from the crypto community. Traders and analysts are watching $ETH’s strength closely, with many calling for further upside if Bitcoin continues to consolidate.
In the comments section, one user asked for clarification on the moving averages, while another replied, “Flip all $BTC to $ETH?” indicating a rising belief in Ethereum’s potential dominance.
The 0.03200 $BTC zone now serves as a near-term resistance. A break above this level could open the door toward 0.03300 $BTC, while failure to hold 0.03128 $BTC may invite short-term profit-taking.
Market participants remain focused on $ETH/$BTC’s ability to sustain this breakout. The bullish structure and trader confidence suggest the trend may persist.