PANews reported on May 10th that, according to Cointelegraph, ETH/BTC has fallen by more than 35% over the past year, with the market structure continuing to weaken, raising concerns about further downside risks. Analysis points out that the ETH/BTC price action remains suppressed by a multi-year downtrend line, a structure that has repeatedly limited rallies since 2022 and was accompanied by a nearly 70% pullback during the 2024–2025 rally.

Currently, ETH/BTC rebounded again in August 2025 to the area where the 0.382 Fibonacci retracement and the 50-month moving average converged, but were rejected and broke below the 20-month moving average support, indicating that selling pressure continues to dominate. Technical models suggest that if the weakness continues, the next key support level may be around 0.0176 BTC, representing approximately 40% downside from current levels and approaching the 2020 cycle lows.