Ethereum's ETH/BTC Ratio Signals Multi-Year Trend Reversal, Altcoin Rally Possible

Ethereum is showing signs of a significant recovery against Bitcoin, with the ETH/BTC ratio indicating a potential multi-year trend reversal. The weekly chart of ETH/BTC displays a breakout from a multi-year RSI trendline, which is often seen as a reversal indicator. Additionally, Ethereum is approaching an Ichimoku Golden Cross, a bullish signal that occurs when short-term trends push above long-term ones. This signal often sparks renewed buying momentum. Furthermore, the RSI momentum is finally rising above zero after years of being underwater, marking the beginning of a potential price surge. This shift in Ethereum's performance against Bitcoin could signal the start of a broader altcoin rally.

Binance's token netflow heatmap also supports the bullish narrative. Many top altcoins, including FET, ENJ, GTC, SHIB, AAVE, and DOGE, are experiencing strong outflows, meaning tokens are being withdrawn faster than deposited. This suggests accumulation by seasoned investors, as outflows exceeding inflows often indicate a supply shock. Investors moving tokens to cold wallets cut supply and reduce selling pressure. Binance's scale and global reach make it a reliable market thermometer, attracting institutional players and reflecting early smart money moves.

The combination of Ethereum's recovery and large-scale altcoin outflows from Binance indicates a possible start to a new altcoin cycle. The eagerly anticipated cryptocurrency season may be approaching, as these events collectively imply considerable buying interest and a shortage of supply. The aggressive accumulation of top altcoins on Binance suggests rising institutional confidence, further supporting the bullish outlook for altcoins.