Peter Smith
⬤ Ethereum just hit a major technical milestone that has crypto traders paying attention. ETH has reclaimed the 50-week Exponential Moving Average against Bitcoin—a level that has historically marked the start of every significant Ethereum bull market. It's the first time since early 2022 that Ethereum has climbed back above this key trend line, and the pattern has proven reliable in the past.
⬤ The ETH/BTC chart tells the story clearly. When Ethereum crossed above the 50 EMA in mid-2020, it kicked off a powerful bull run. When it dropped below in 2018 and 2023, bear markets followed. Now that ETH is back above this line, many analysts see it as a potential turning point—especially if it can hold above the level during a retest.
⬤ If Ethereum manages to stay above the 50 EMA, it could signal the start of a broader altseason, where altcoins outperform Bitcoin. But there's a catch: ETH needs to successfully retest and hold this support level to confirm the breakout. If it fails and drops back below, the rally could stall. Macro uncertainty, Bitcoin dominance, and thinner market liquidity are all risks that could derail momentum in the near term.
⬤ For now, sentiment around Ethereum is shifting toward cautious optimism. A confirmed breakout above the 50 EMA could restore ETH's position as a market leader and potentially set the stage for the next major cycle in crypto. Traders are watching closely to see if this technical signal plays out the way it has in the past—because if it does, altseason might be closer than many think.
Peter Smith
