A pseudonymous cryptocurrency analyst revealed that the Ethereum-Bitcoin pair has fallen to a price range that predates the bull runs seen in Ethereum’s past cycles.
ETH/BTC structure reflects 2020 chart before reversal
In a June 6th X post, market expert Klipflo highlights that the ETH/BTC price formed a bottom near a once strong support zone in 2020. Interestingly, this bottoming out in the Ethereum-to-Bitcoin ratio occurred before the bullish momentum rotated strongly into Ethereum price, thereby fueling the last bull run.
$ETH/BTC (1M) – This is where ETH woke up last cycle. 👀
Back in 2020, ETH/BTC bottomed in this zone.
This was followed by one of ETH’s best performing periods in history.
today:
→ ETH/BTC has returned to the same support level
→Prices are being squeezed within the top… pic.twitter.com/f7Vfx7R3gi— CRYPFLOW (@_Crypflow_) June 6, 2026
Crypflow reveals that the pair recently hit the same historic low, specifically around the 0.02528 mark. Notably, this decline towards key levels indicates that Ethereum has been underperforming for months compared to BTC. In this scenario, we can see that the ETH/BTC price is compressed at the top of the trend triangle.
Therefore, Crypflow explains that a decisive break from this structure is required in order for past patterns to repeat themselves again. If this happens, there could be a rapid and significant influx of bullish momentum into the Ethereum price, as the breakout would signal that capital is being returned to Ethereum. The fact that the risk/reward ratio looks very attractive in the current settings makes a repeat of the 2020 bottom and breakout events even more likely.
Bitcoin price hits pivotal $60,000 support: Is a recovery underway?
In another post on X, Crypflow highlights that Bitcoin price is currently testing one of the support zones that has previously tempered weakness. Cryptocurrency experts point to the $60,000 price level seen in February, which has served as Bitcoin’s bottom, as this key zone.
Crypflo suggests that this zone is being tested again and Bitcoin price may be in the early stages of a recovery. However, this is within the realm of possibility and the $60,000 is not lost for now. If the $60,000 level holds and we see a clear breakout, we can say that the recovery effort has begun in earnest.
On the other hand, if Bitcoin fails to sustain the $60,000 zone, it could suffer a sharp decline and its next major target could be $54,000, Klipfrow explained. In this case, any hope of a reversal developing depends on the health of the $54,000 level.
As of this writing, Bitcoin’s price is $62,375, reflecting 2.45% growth over the past day. Ethereum has shown a similar price increase, currently worth $1,610, up 2.52% in the past 24 hours, according to CoinMarketCap data.
Magnific featured image, Tradingview chart
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