6 days ago
Ethereum: Are Rumors Of Its Death Premature?
I remember moving into an Airbnb near Apple, only to find squatters coding for a nascent ethereum. They 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. Let's just say, I didn't buy any ethereum at about $1 because well, eh – no excuses really!
I made up for it later, and I still hold a candle for ETH.
So it is with some pleasure that 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, I'm 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 faced a lot of competition, particularly from the cool kiddies in Solana-town. It also keeps changing the rules on its ecosystem, and behavior like this, however mild, is 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 aflutter.
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 ran 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 alt-season II is a possibility. As such, we should look out for some craziness, if that's your trading poison.
