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ETHBTC at 0.035: Vitalik Compares Ethereum to Linux as Breakout Test Looms

Ethereum is back in focus after Vitalik Buterin compared it to Linux and BitTorrent, stressing scale without intermediaries. At the same time, the ETHBTC ratio sits at a key trendline near 0.035, with a possible breakout setup forming. Vitalik Buterin likens Ethereum to BitTorrent and Linux as he pushes “trustless” scaling vision Ethereum co-founder Vitalik Buterin compared Ethereum to BitTorrent and Linux in a new post, arguing the network aims to combine decentralization with mass scale while keeping users independent from intermediaries. He said Ethereum’s goal is to deliver wide adoption without abandoning open access, and he framed Ethereum’s base layer as the long term “home” for people and organizations that want more autonomy. Buterin pointed to Linux as an example of software that stays free and open source while still being quietly relied on by billions of users, enterprises, and governments. He said Linux supports many mainstream distributions focused on adoption, while it also includes more “purist” versions that prioritize minimal design and technical power for users. He used that split to describe how Ethereum should support both broad usage and a high autonomy experience at the same time. He also used BitTorrent as a metaphor for how decentralized systems can scale, noting that businesses and governments use peer to peer distribution for large files. Buterin said Ethereum should mirror that combination by scaling through consensus while preserving what he called “trustlessness,” which he described as reducing reliance on middlemen. He added that enterprises often seek open, resilient systems for counterparty risk minimization, and he said that demand can align with Ethereum’s design goals. Buterin ended the post with a slogan used in Ethereum culture, writing, “This is the gwei,” a reference to a small unit of ether often used in transaction fee pricing. ETH to BTC ratio tests a long downtrend as a small bull flag forms near 0.035 Meanwhile, the ETHBTC ratio trades near 0.035 on a long term daily chart, and it now presses against a descending trendline that has capped relative strength for years. The line connects the major peaks from earlier cycles and keeps getting tested, so the current setup matters because ETH sits close to the same ceiling again. Ethereum to Bitcoin Ratio Chart. Source: StockCharts Price recently rebounded from a deep low near the prior base zone around 0.02, and then it pushed into a tighter consolidation. That consolidation looks like a short bull flag: ETHBTC climbed, then it started drifting sideways to slightly lower while holding a higher low. At the same time, the RSI in the panel above sits around 55, so momentum leans positive without showing an overheated condition. The next move likely depends on whether ETHBTC clears the trendline with a firm breakout and follow through. If buyers force a daily close above the falling line and keep the move, the ratio can rotate toward the next visible supply zone around 0.040 to 0.045, and then it can try to revisit the mid range area near 0.050 if the trend shift holds. That path would signal ETH outperforming BTC for a stretch, because the ratio would finally exit the long compression under resistance. However, the chart also supports a bearish outcome if the breakout fails. If ETHBTC rejects at the trendline again, then the flag can break down and pull price back toward the 0.033 area first. After that, a deeper slide can reopen the 0.030 zone, and then the market risks a return toward the longer term floor region near 0.02 if sellers regain control. The Crypto Basic

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BlackRock’s 3-Day Bitcoin and Ether Buying Spree Sparks Rally, Then Cooldown

BlackRock’s steady accumulation of Bitcoin and Ether over three consecutive days coincided with a clear price push across both markets. However, after reaching short term highs, BTC and ETH both pulled back as the rally cooled and traders locked in gains. BlackRock Adds BTC and ETH for Three Straight Days BlackRock has accumulated Bitcoin and Ether for three consecutive days, according to onchain tracker Lookonchain. The account said the firm added a combined 9,619 BTC worth about $878 million and 46,851 ETH worth about $149 million over that period. BlackRock ETF Onchain Accumulation. Source: Arkham Intelligence Onchain labels and transfer logs also show fresh movements from Coinbase Prime linked wallets into BlackRock ETF related addresses. The records include multiple Bitcoin transfers into BlackRock’s IBIT Bitcoin ETF tagged destination, alongside several Ether transfers into BlackRock’s ETHA Ethereum ETF tagged destination. The transfers appeared in batches within hours of each other, with repeated deposits of roughly 300 BTC at a time and several ETH moves that include 10,000 ETH sized transfers. While onchain data does not prove who initiated each transaction, the labels point to Coinbase Prime as the source and BlackRock ETF custody addresses as the destination in the latest series of movements. BTC and ETH Prices Move Higher, Then Pull Back During BlackRock Buying Bitcoin and Ether both posted gains during the three day period when onchain data showed BlackRock accumulating BTC and ETH through ETF linked wallets. At the start of the window, Bitcoin traded near the high $87,000 to $88,000 range, before pushing steadily higher over the following sessions. Price climbed above $90,000 and later tested the $93,000 to $94,000 area, marking the strongest levels of the week. As the buying period progressed, Bitcoin momentum slowed. After setting a short term high near $94,000, price began to roll over and moved lower into Jan. 7. By the end of the period, Bitcoin traded near $90,300, giving back part of the earlier advance but still holding above the levels seen before the accumulation phase began. The structure shows a higher high followed by a controlled pullback rather than a sharp reversal. Bitcoin Price Action, Three Day View. Source: CoinCodex Ether followed a similar path over the same days. ETH started near the $2,950 to $3,000 zone and advanced steadily as the sessions unfolded. Price broke above $3,100, then extended toward the $3,250 to $3,300 area, where it briefly stalled. This marked the strongest ETH levels during the three day stretch tied to BlackRock inflows. Ethereum Price Action, Three Day View. Source: CoinCodex Toward the end of the window, Ether also pulled back alongside Bitcoin. ETH slipped from the local highs and settled near $3,120, trimming gains but remaining above its early period base. The price action reflects a rise during sustained ETF related inflows, followed by profit taking as the broader market cooled, while both assets kept higher levels compared with where the move began. The Crypto Basic