Ethereum Surges as Altcoins Outperform Bitcoin

Ethereum has recently outperformed both Bitcoin and Solana, breaking above $3,200–$3,300 and fueling optimism for an impending altcoin season. Technical analysts highlight bullish formations in ETH's price chart, with possible targets as high as $4,000 or more. Institutional interest in Ethereum is strong, as shown by record-high open interest in ETH futures, sustained ETF inflows, and significant purchases by companies such as SharpLink Gaming and BlackRock. The ETH/BTC ratio is rising, indicating capital rotation from Bitcoin to Ethereum and altcoins, and on-chain data shows increased transaction fees, staking, and ETH burn rates. While Bitcoin remains near record highs and profit-taking is ongoing, attention is increasingly shifting to Ethereum and other Layer-1 projects. However, analysts caution that increasing leverage and overheating signals could lead to heightened volatility.