#ETHBreakout3.5k Ethereum is in its stellar moment. How will it continue?

The cryptocurrency ether (ETH) still shows bullish potential according to technical and fundamental analysis. Although there are signs of overbought conditions and possible corrections, the upward trend continues.

Capital is currently rotating from bitcoin to ether.

Ether (ETH), the cryptocurrency of Ethereum, consolidates as a protagonist after a surge that captures the attention of investors and analysts.

Since its lows of $2,174 on June 21, the cryptocurrency has climbed nearly 50%, defying expectations and marking a turning point in the ETH/BTC relationship. This movement, supported by a flow of capital migrating from bitcoin, suggests that the altcoin market may be entering a new phase. The ETH/BTC ratio, a critical indicator for measuring appetite for altcoins, surpassed the 2.64% ceiling yesterday.

This level, which had contained altcoins since the beginning of the war between Israel and Iran, indicates a change in demand, according to analyst Elior Manier.

“The ratio has just surpassed its range,” said Manier, highlighting ether's bullish potential. The projected targets for this ratio range between 2.90% and 3.1%, which could boost ETH if bitcoin stabilizes at its current levels. However, the recent rotation suggests that investors are seeking higher returns in ETH, the most valuable digital asset in the market after bitcoin.