Ethereum Crosses 0.03200 BTC Mark While All EMAs Offer Strong Support
- ETH gained over 18 percent in one month as it pushed above the 0.03200 BTC resistance level.
- The ETH/BTC pair continues to trade above all four moving averages, showing active trend support.
- Social engagement reached 72,000 views, with many users favoring ETH strength over BTC performance.
Ethereum is gaining strength against Bitcoin, with the ETH/BTC pair hitting 0.03200 BTC on Kraken, signaling renewed bullish momentum. On the 4-hour chart, Ethereum has built a rising trendline while holding above all major moving averages. This development raises a critical question: could ETH outperform BTC in the coming weeks?
$ETHBTC doesn't look like it wants to stop… pic.twitter.com/3PWWBUi73I
— Chris Burniske (@cburniske) August 6, 2025
ETH/BTC Builds on Momentum With Bullish Price Action
The ETH/BTC pair has surged from a low near 0.02700 BTC in early July to 0.03200 BTC by August 7, 2025. This represents a gain of over 18% in less than 30 days, driven by improving technical structure and consistent volume support.
The price action shows a clear bullish trend. It broke above the 0.02888 BTC resistance—now acting as support—and never looked back. Stronger higher highs and higher lows continue to form as the pair remains firmly supported by key exponential and simple moving averages.
According to the chart shared by Chris Burniske on social platform X, ETH/BTC is following a steady uptrend. Burniske remarked, “$ETHBTC doesn’t look like it wants to stop…” signaling his view on the sustained upward pressure in Ethereum’s relative strength.
Traders Track Key Moving Averages for Support and Resistance
The ETH/BTC 4-hour chart features four main moving averages: the 50 EMA (white), 100 EMA (purple), 200 EMA (green), and 300 EMA (yellow). These averages are acting as dynamic support zones that have consistently held through recent pullbacks.
The 50 EMA is currently at 0.03155 BTC, while the 100 EMA is at 0.03128 BTC. Both are closely aligned and hugging the current price, offering short-term support. The 200 EMA at 0.03060 BTC and the 300 EMA at 0.02888 BTC represent deeper support zones if correction occurs.
Volume analysis confirms increasing trader participation. A large green candle broke resistance near July 13, sparking the rally from 0.028 to 0.031 BTC. Each leg higher has been accompanied by rising volume bars, validating price strength.
The chart shows Ethereum steadily outperforming Bitcoin on a relative basis. Price remains above the trendline drawn from July’s low, with each dip forming a higher low. ETH’s current price is 0.03200 BTC, while the buy-side quote stands at 0.03201 BTC on Kraken.
Social Sentiment Turns Bullish as Price Action Strengthens
The chart post has gained over 72,000 views on X, alongside hundreds of interactions from the crypto community. Traders and analysts are watching ETH’s strength closely, with many calling for further upside if Bitcoin continues to consolidate.
In the comments section, one user asked for clarification on the moving averages, while another replied, “Flip all BTC to ETH?” indicating a rising belief in Ethereum’s potential dominance.
The 0.03200 BTC zone now serves as a near-term resistance. A break above this level could open the door toward 0.03300 BTC, while failure to hold 0.03128 BTC may invite short-term profit-taking.
Market participants remain focused on ETH/BTC’s ability to sustain this breakout. The bullish structure and trader confidence suggest the trend may persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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