Ether Surges 100% Reclaiming $3,000 Level as Bitcoin Dominance Drops

Ether (ETH) has shown significant strength this week, reclaiming the $3,000 level for the first time since February 1. This performance has outpaced Bitcoin (BTC), which slipped to $116,500 on Tuesday. ETH posted daily gains, reaching new highs at $3,090 for the week. This upward momentum in Ether's price is attributed to capital rotation from Bitcoin, as analytics firm Swissblock noted that Bitcoin’s prior four bullish expansions lasted between 15 and 30 days. With the current rally reaching day 12, profit-taking in BTC could be underway, redirecting capital toward altcoins, especially ETH.

The ETH/BTC pair has registered a bullish break of structure for the first time since May 24, signaling a trend reversal. Notably, ETH/BTC also reclaimed a position above its 200-day moving average for the first time in a year, indicating medium- to long-term strength. ETH advocate Ted Pillows pointed out that the ETH/BTC weekly’s relative strength index (RSI) has broken free from a three-year downtrend. A golden cross is also looming, reinforcing the case for a structural trend change. Combined with a drop in Bitcoin dominance, these signals collectively suggest a brewing altseason, where Ether could outperform Bitcoin in the weeks ahead.

Crypto analyst Merlijn The Trader posted a compelling fractal analysis suggesting that Ether (ETH) may follow a similar trajectory to Bitcoin’s 2018–2021 market cycle. Projections indicate that the rally from April’s low of $1,550 could evolve into a 1,110% “vertical phase,” potentially pushing ETH to around $18,205. The analysis highlights a pattern of a 63% correction followed by a 342% recovery rally, closely mirroring Bitcoin’s historical behavior during its previous bull cycle. This thesis is further reinforced by Ether’s recent 100% rebound since the second quarter, pointing toward the early stages of a fractal breakout.

However, while the pattern is visually compelling, it is essential to note that fractal analysis remains largely speculative. It lacks empirical, peer-reviewed validation, and its interpretive nature makes exact outcomes difficult to predict. Despite these limitations, the historical parallels continue to fuel optimism among bullish ETH supporters. Adopting a more technical approach, analyst Daan Crypto said that the immediate target for ETH remains $4,000 after it entered the upper half of an 18-month cycle range. In an X post, the trader mentioned, “$ETH Has moved into the upper half of its massive cycle range. $2.8K & $4K are the only levels you'll be needing on the higher timeframe. Anything else is noise in my opinion.”