- RSI levels suggest a market shift, potentially leading to an ETH price increase.
- Ethereum’s open interest has decreased, reflecting lower future activity.
- ETH/BTC shows signs of reversing its downtrend, signaling potential price recovery.
Ethereum’s (ETH) performance against Bitcoin from 2016 to 2025, reveals notable market trends. Market analysts have noted that the current movement relates to a history that led to an uptick in Ethereum suggesting the same night be impending in the coming days.
Critical Price Action and RSI Levels
As observed by the Titan of Crypto, it is evident that RSI exceeded its latent overbought thresholds in the period between 2016 and 2018 seeing sharp increases, depicting overbought situations for ETH. This was accompanied by a large drop in the RSI along with ETH/BTC price, which indicates a cool market.
During the period between 2019 and 2024, the RSI of ETH declined consistently, thereby indicating how Ethereum performed below par as compared to Bitcoin. RSI continued on this pattern until 2025, but remained at lower levels. In 2025, the RSI resembled levels experienced at past occasions when the market shifted.
The second horizontal line depicts a possible trend reversal for the ETH/BTC pair, where the price appears to be rising from the downward trend. From the analysis, there is a long-term downtrend in ETH/BTC, which is expected to enter a significant phase in 2025, according to the RSI.
Ethereum Open Interest and Current Price Action
The price of ETH has been volatile over the past few months to the current level. According to Coinglass data, at the time of preparing this article, the price of Ethereum was $1,473.35. It has had its price at $$2,711.72 before lowering to the current price .through previous fluctuation in the market.
Ethereum’s open interest in futures contracts currently stands at $17.04 billion, a sharp decline from previous peaks. In the past months, both Ethereum’s price and futures open interest experienced sharp upward trends. From mid-October 2024, Ethereum’s price surged alongside increasing open interest. This rise reflects growing market interest and confidence in ETH futures.
Although it had reached its all-time high of $2,711, the present value shows that there was a pullback in the market. This declining open interest may therefore be an indication of a lower number of active futures positions as ETH price remains under pressure. With the current market position consolidating pattern suggests that the market has shifted into a consolidation phase.
