While Bitcoin grabbed every headline this week, the second-largest crypto quietly did something more unusual: it out-ran BTC, day after day, in the same rally.
Ethereum has surged roughly 18-22% over the past week, briefly touching a two-week high near $2,517 with ETH spot ETFs pulling in $189 million in a single day — the largest inflow in months, right alongside Bitcoin's own record haul. Analyst Michaël van de Poppe flagged the move publicly, noting ETH climbing faster than BTC and sweeping toward key BTC-denominated ratio levels — the kind of relative strength some read as an early alt-season signal.
The 4H chart shows the anatomy of the move clearly: after weeks of consolidation, ETH broke out with a large green candle, climbing steadily through its EMAs to a local high, before pulling back slightly to its current $2,472.72 — sitting almost exactly on the $2,400 "golden pocket" Fibonacci level that's acted as the pivot for this entire leg. RSI sits at 72.02, just as overbought as Bitcoin's reading, and the MACD histogram is negative at -14.09, the same momentum-fading signature showing up here too.
ETH outperforming BTC during a rally is genuinely one of the more reliable early signs of capital rotating into altcoins — that part of the story checks out technically, not just anecdotally. But the same overbought RSI and negative MACD divergence sitting on both charts right now means the fatigue isn't unique to Bitcoin; it's market-wide. As CoinDesk noted about this same move, a single day of ETF inflows confirms a breakout — it doesn't confirm it'll last. Whether ETH holds this golden pocket level or gives it back decides which story wins.
Not financial advice — for informational purposes only.
#ETH #Ethereum #Altseason #Binance $ETH
Ethereum has surged roughly 18-22% over the past week, briefly touching a two-week high near $2,517 with ETH spot ETFs pulling in $189 million in a single day — the largest inflow in months, right alongside Bitcoin's own record haul. Analyst Michaël van de Poppe flagged the move publicly, noting ETH climbing faster than BTC and sweeping toward key BTC-denominated ratio levels — the kind of relative strength some read as an early alt-season signal.
The 4H chart shows the anatomy of the move clearly: after weeks of consolidation, ETH broke out with a large green candle, climbing steadily through its EMAs to a local high, before pulling back slightly to its current $2,472.72 — sitting almost exactly on the $2,400 "golden pocket" Fibonacci level that's acted as the pivot for this entire leg. RSI sits at 72.02, just as overbought as Bitcoin's reading, and the MACD histogram is negative at -14.09, the same momentum-fading signature showing up here too.
ETH outperforming BTC during a rally is genuinely one of the more reliable early signs of capital rotating into altcoins — that part of the story checks out technically, not just anecdotally. But the same overbought RSI and negative MACD divergence sitting on both charts right now means the fatigue isn't unique to Bitcoin; it's market-wide. As CoinDesk noted about this same move, a single day of ETF inflows confirms a breakout — it doesn't confirm it'll last. Whether ETH holds this golden pocket level or gives it back decides which story wins.
Not financial advice — for informational purposes only.
#ETH #Ethereum #Altseason #Binance $ETH
