Ethereum, Strong pattern compared to Bitcoin…Could it be a signal for Altseason?

Ethereum (ETH) is showing a strong trend compared to Bitcoin (BTC), and the market is becoming more optimistic about the alt-season. Cointelegraph reported that the ETH/BTC daily chart simultaneously formed a Cup and Handle and Bull Pennant pattern. Both patterns are generally interpreted as technical signals predicting an upward trend.

According to the report, if such a pattern becomes a reality, Ethereum could potentially rise an additional 30% to 55% compared to Bitcoin by July. If ETH shows a trend dominating BTC, there is analysis that the overall altcoin bull market, the so-called 'alt-season,' could become full-fledged.

As the approval of the Ethereum Spot ETF has been followed by an influx of funds, there is growing interest in the impact of ETH's relative strength on the entire cryptocurrency market.