Ethereum is firmly in breakout mode. The ETH/BTC ratio, a closely watched measure of altcoin strength, has surged close to a year-to-date high.
ETH has now gained over 25% in the past week, fueled by institutional flows into ETH ETFs and tech investor Peter Thiel reportedly taking a major stake in BitMine.
RSI is at 84.82, showing extremely strong momentum, though short-term consolidation near the $3,800–$4,000 resistance zone is possible. This is a zone that capped previous rallies in 2024.
Bitcoin, in contrast, is holding flat near $118,000, down slightly from its recent highs above $120,000. Small-bodied candles and minor intraday sell-offs have formed a tight consolidation block, indicating profit-taking and indecision.
The question now is whether Ethereum will follow BTC’s recent behaviour and stall near local highs, or whether the breakout will carry it decisively through $4,000.
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