I remember moving into an Airbnb near Apple only to find coding squatter sat coding for a nascent Ethereum. The quickly vacated once the managing agent realized their side hustle was bust but not before I chatted with the itinerant devs about what they were up to. Lets just say I didn’t buy any Ethereum at about $1 because well, eh, no excuses really!
I made up for it later on and I still hold a candle for Eth.
So it is with some pleasure I see it making a classical breakout.
I don’t think I need to draw lines on this chart.
But let me draw some on this.
So you see Im not a perma crypto bear.
This is also an interesting chart.
How I gauge it, Bitcoin has outperformed Ethereum by 100% and I must admit during the Crypto winter I thought the outperformance would go the other way. However Ethereum has had a lot of competition, particularly from the cool kiddie in town Solana. It also keep changing the rules on its ecosystem and behavior however mild liable to take the momentum out of the price.
So now Eth is on the move and once again it’s the role of the crazy treasury reserve idea that is getting the animal instinct a flutter.
So is this the start of the longed for ‘alt season’ crypto denizens crave or was that back at the beginning of the year when pump.fun run amuck with all the AI agentic pump.dumps of that chapter?
Will the all in BTC-maxis suddenly go ETH-maxi? Will ETH drain BTC?
Google trends says there is life in the old ETH dog yet.
That might mean Altseason II is a possibility. As such we should look out for some craziness, if that’s your trading poison.