Reclaimed $4K, held it, and now the ETH/BTC ratio is pressing near yearly highs
$ETH is outpacing Bitcoin, and that’s usually where altseason starts to breathe.
I’m long ETH
And I’m not here to guess, the data is screaming continuation.
✔️ Reclaimed $4K
✔️ ETH/BTC ratio near yearly highs
✔️ ETF flows swinging back into heavy net inflows
August 8th alone: +$461M into spot ETH ETFs
August 7th: another +$222M
That’s not small fish - that’s institutions loading while supply is at multi-year lows
On-chain, supply is tightening:
→ ~30% of ETH staked - highest share ever.
→ Exchange balances at multi-year lows.
Also,
Layer-2 activity hasn’t cooled since Dencun either. Cheaper rollup data keeps usage high, stablecoins on Ethereum still dominate with ~$137B, and DeFi TVL is climbing back toward cycle highs. That’s sticky ecosystem demand, not just traders chasing candles.
Perps funding is mildly positive (~0.007–0.01% per 8h), options still lean bullish, and there’s no leverage blowout yet
That’s exactly what you want if this leg has room to run
On the 12h chart:
Supports I’m respecting: $4,150 and $4,020.
Lid sits at $4,333 - a clean break and hold there, and ETH doesn’t stop for air
LFG 🔥
