The bottom for ETH / BTC would settle between 0.03 and 0.04.
Recently, ETH / BTC dipped to 0.03833.
Trying to pinpoint the exact bottom is a fool's game.
I believe that ETH / BTC will establish a solid support level as we approach the end of the year.
If 0.038 doesn't hold, 0.036 might step in as support, given that it marks the high from 2016.
Once again, I can't predict the precise low. In my opinion, the worst-case scenario is 0.03, though I would be surprised if it actually reached that point.
To clarify, I anticipate that ETH / BTC will rise in 2025, making debates over whether the low is 0.03, 0.036, or 0.038 seem trivial.
In the last cycle, ETH/BTC hit its bottom when quantitative easing began, which may still be some time away. However, it's worth noting that in both 2016 and 2019, when ETH/BTC experienced a downturn, it took only 7-8 weeks to find a bottom, and we are currently in week 8.
Stay open-minded and adaptable to short-term fluctuations, but I believe the majority of the downtrend is behind us.
Keep in mind that ETH / BTC is distinct from ETH / USD.
In both 2016 and 2019, when ETH/BTC fell, ETH/USD also declined in Q4, even though ETH/BTC found its bottom in September 2019.