While BTC’s rally has dominated headlines, ETH surged past $3,000 for the first time since early February, reaching $3,150 and marking a five-month high.
According to Swissblock analysts, Ethereum’s breakout appears to be driven by capital moving out of Bitcoin as traders begin to take profits. Historically, Bitcoin’s bullish waves this year have lasted between two to four weeks, and with the current rally entering its twelfth day, the window for a shift in momentum could be opening.
Technical signals support this rotation. The ETH/BTC ratio recently broke its year-long downtrend, pushing above the 200-day moving average—a key indicator suggesting renewed strength for Ethereum in the medium to long term.
