According to analyst Crypflow via an X post on June 6, the Ethereum-to-Bitcoin pair has reached a historical support zone last seen in 2020, trading around 0.02528. Crypflow highlights that the last time ETH/BTC bottomed at this level, it preceded one of the strongest periods of Ethereum outperformance. A definitive breakout from the current compressed structure could signal capital rotation back into Ethereum, potentially triggering bullish momentum similar to the 2020 cycle.
Meanwhile, Bitcoin is testing a critical support level at $60,000, which previously supported the price in February. If this level holds and a clear breakout occurs, a recovery could begin; if breached, the next target would be $54,000. As of June 8, Bitcoin trades at $62,375 (up 2.45% in 24 hours) and Ethereum at $1,610 (up 2.52% in 24 hours), according to CoinMarketCap.