ETH breaks out vs. Bitcoin — What’s next for Ethereum after 100% gain in January?

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25.

At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multi-year downtrend hitting the highest levels since September 2019, which should be great news for altcoins in general. 

ETH/BTC weekly candle chart (Coinbase). Source: Tradingview

The higher highs come less than a week after ETH/USD finally broke its all-time high, surpassing…


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