ETH/BTC Breakout Fuels Altcoin Season 2026 Hopes as Bitcoin Dominance Holds 60%

Ethereum (ETH) has printed its first sustained advance against Bitcoin (BTC) in almost a year, breaking out of the descending channel that capped the pair since August 2025.

Bitcoin dominance tells a more cautious story, however. The metric is climbing back to 60%, and analysts remain divided on whether a real altcoin season can start in 2026.

Ethereum Breaks Out Against Bitcoin as Price and Momentum Align

The ETH/BTC three-day chart shows a descending parallel channel in force since August 2025. The pair printed consistent lower lows and lower highs inside it for almost a year.

In July, the ratio finally closed above the channel's upper boundary. It now trades near 0.0289, with Ethereum at $1,881, down 2.2% in 24 hours. Fresh whales accumulated 50,000 ETH this month as the ratio jumped 6%.

The breakout faces two obstacles overhead. The immediate resistance sits at 0.0316, while the next barrier waits at 0.0352. Moreover, the ratio still trades below the 200-day moving average (blue line). A reclaim of that line could open the road to the first resistance area.

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