Ethereum's ‘crucial’ breakout hints at 30% rally versus Bitcoin next

Key Points

1. Ethereum's ETH/BTC pair has surged over 50% since April, breaking key resistance levels and reaching a four-month high.

2. ETH/BTC has broken above its 200-day exponential moving average (EMA), signaling potential for further upside toward 0.035 BTC (a 30% increase) by August or September.

3. Analysts highlight the breakout at 0.02425 BTC as crucial, with altcoins likely to follow Ethereum's momentum.

4. Ethereum has seen 12 consecutive weeks of institutional inflows, totaling $990 million, accounting for 19.5% of its assets under management (AuM) compared to Bitcoin's 9.8%.

5. Companies now hold over $5 billion in ETH, with notable accumulation by SharpLink, BitMine, and Bit Digital.