Partager cet article

Breakout Alert: Ether, Bitcoin Cash-Bitcoin Ratio Break Downtrends as DOGE, SHIB Bottom Out

ETH, BCH and top memecoins are flashing bullish chart patterns.

Par Omkar Godbole|Édité par Sheldon Reback

Mise à jour 8 mai 2025, 7:12 p.m. Publié 8 mai 2025, 2:42 p.m. Traduit par IA

Close-up of the head of a statue of a bull (cjweaver13/Pixabay) — Ether, bitcoin cash, DOGE, SHIB are starting to show bullish signals. (cjweaver13/Pixabay)

What to know:

Ether's price has surged more than 8%, breaking a prolonged downtrend and indicating a bullish market shift.
The BCH/BTC ratio has risen 11% this week, suggesting potential BCH outperformance relative to bitcoin.
DOGE and SHIB have formed rounding bottom patterns, hinting a shift to a bullish market.

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Traders looking for tokens that may see accelerated gains as bitcoin (BTC) rallies might want to focus on ether (ETH) and the ratio between bitcoin cash (BCH) and bitcoin.

STORY CONTINUES BELOW

Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir toutes les newsletters

En vous inscrivant, vous recevrez des emails sur les produits CoinDesk et vous acceptez nos conditions d'utilisation et politique de confidentialité.

Both have broken prolonged downtrends alongside bullish bottom formations in leading meme tokens DOGE and SHIB.

Ether breakout

Ether's price has surged more than 8% today, piercing the trendline (see the left-hand chart) that represents the downtrend from December highs above $4,100. In other words, demand has finally managed to overpower the supply zone defined by the trendline, confirming a bullish shift in the market trend.

ETH's daily charts: Candlesticks and Line-break. (TradingView/CoinDesk)

The three-line break chart (on the right) shows a similar breakout. The line break chart
focuses on price movements and changes in trend while ignoring time, helping traders filter out erratic price movements and noise. As a result, signals on the line break chart are considered more reliable and durable signals.

The breakout shifts focus to resistance between $2,300 and $2,400, the support zone from October and November.

BCH/BTC

The ratio between U.S. dollar prices for bitcoin cash and bitcoin has risen 11% this week, topping a trendline characterizing the brutal year-long bear market.

The bullish development suggests BCH outperformance relative to bitcoin in the coming days.

BCH/BTC breakout. (CoinDesk/TradingView)

DOGE, SHIB bottoms

The market caps for DOGE and SHIB were up 7% and 5% at the time of writing, with their respective daily charts showcasing a "rounding bottom" pattern.

A rounding bottom happens after a significant downtrend, as in DOGE and SHIB's cases. and signals a shift to a bullish market. It shows a change from lower highs to higher lows, indicating that buying interest is starting to increase.