Ethereum\u2019s Ether (ETH<\/a>) token is approaching a critical price zone against Bitcoin (BTC<\/a>), which historically marked the beginning of a massive rebound.<\/p>\n The ETH\/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC \u2014 the exact level it reached in September 2019 before rallying nearly 450% over the following year.<\/p>\n The current ETH\/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI)<\/a>, long stretches below key moving averages, and multiyear declines.<\/p>\n In 2019, ETH\/BTC fell over 90% in the prior two years, driven by the ICO collapse<\/a>. <\/p>\n As of 2025, the pair is down over 80% from its 2021 peak, weighed by skepticism<\/a> over Ethereum\u2019s switch to proof-of-stake (PoS)<\/a>, rising competition<\/a>, and Bitcoin\u2019s growing dominance<\/a> as an institutional asset.<\/p>\n In response to the growing concerns, Ethereum co-founder Vitalik Buterin has proposed<\/a> new architecture and protocol-wide standards to make Ethereum simpler, faster, and as maintainable as Bitcoin within five years. <\/p>\n Related: <\/strong><\/em>Ethereum to simplify crosschain transactions with new token standards<\/strong><\/em><\/a><\/p>\n One analyst called<\/a> Buterin\u2019s proposal \u201cthe most bullish thing for ETH.\u201d<\/p>\n The bullish hopes come as ETH\/BTC attempts to break free from its multi-year \u201cbearish parabola.\u201d This resistance curve has been instrumental in limiting the pair\u2019s upside attempts since December 2021 but showed signs of exhaustion as of May 3.<\/p>\n \u201cWe might see an end of this bearish parabola,\u201d wrote chartist Jimie<\/a>.<\/p>\n He noted that if the curved resistance holds, ETH\/BTC could drop toward 0.016 BTC \u2014 the same level where it bottomed in September 2019 before rallying by roughly 450%.<\/p>\n Skeptics like Bitcoin\u2019s\u00a0proof-of-work pioneer,<\/a>\u00a0Adam Back,\u00a0argue<\/a>\u00a0that Buterin is overlooking deeper design flaws while proposing to simplify Ethereum in the coming years. <\/p>\n Back criticizes Ethereum\u2019s account-based system, saying it adds unnecessary complexity compared to Bitcoin\u2019s simpler UTXO (unspent transaction output) model<\/a>. He argues this growing complexity increases technical risks and makes Ethereum harder to scale and secure.<\/p>\n He also warns that Ethereum\u2019s shift to PoS has concentrated power among insiders by redirecting miner rewards to large tokenholders.<\/p>\n \u201cAt this point, just flush ETH before it hits zero and buy Bitcoin,\u201d he wrote, suggesting no upgrade can fix what he views as Ethereum\u2019s flawed foundation.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\nBitcoins ETH price fractal from 2019 hints at bottom <\/h2>\n
Bitcoins Flush ETH and buy Bitcoin, says\u00a0Adam Back<\/h2>\n