Ethereum is building bullish momentum and printing a bullish chart pattern. Indeed, some of the more optimistic analysts go so far to foretell a dollar price explosion up $6,700 by 2025. Now the speculative interest is focused on Ethereum and mid-cap altcoins. Therefore, Ethereum’s dominance is rising, which is a positive indication for an early altseason setup.
Post Pectra Upgrade, Ethereum has done a sizable reversal, overtaking Bitcoin once again. Currently about 75% of tracked altcoins are on bullish price impulses, similar to what has occurred during past cycles that have kicked off altseasons.
Ethereum is showing very strong impulse signals, as the momentum behind Bitcoin seems to be crumbling. Ethereum-to-Bitcoin ratio (ETH/BTC) is once again flashing a powerful bullish signal, indicating a possible breakout.
In this scenario, a bullish ETH/BTC breakout would be enough to see Ethereum grow to $15,000 by 2025. This on-chain phenomenon has unveiled a predictable pattern of capital rushing from Bitcoin into Ethereum and then in turn into smaller altcoins.
"Ethereum is doing what it always does before altseason" - Trader
"Outperforms $BTC in Q3 → leads rotation → ignites altcoin mania" - Trader
As Ethereum prepares for its next breakout, the remnant resistance zone presents a risk in the short term. Some say the cryptocurrency could duplicate Bitcoin’s mythical 2020 boom.
The ETH/BTC ratio has closed well above this important 0.039 resistance line. This sets up the stage for an all…
"Same structure. Same brutal shakeout. Same explosive breakout ahead" - Merlijn
Despite an overall positive sentiment, Ethereum’s future may be full of uncertainty as Solana continues to establish its power within the crypto ecosystem.
