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.Both have broken prolonged downtrends alongside bullish bottom formations in leading meme tokens DOGE and SHIB.Ether breakoutEther'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
source: https://www.coindesk.com/markets/2025/05/08/breakout-alert-ether-bitcoin-cash-bitcoin-ratio-break-downtrends-doge-shib-bottom-out