Ethereum Overtakes Bitcoin: Start of a New Altseason?

Ethereum Overwhelms Bitcoin: Start Of A New Altseason?

10 May 2025 at 07: 04

Reading time: 2 minutes

With the recent revival in the crypto market, we are seeing many projects flourishing again. Bitcoin (BTC) has finally broken through the psychological barrier of $100.000 – a milestone that many investors have been eagerly awaiting. But Ethereum (ETH)? It is currently outperforming all other projects with a staggering increase of almost 30%. According to Dutch analyst Quinten Francois, this achievement has created something special on the ETH/BTC chart.

Biggest green candle since 2021

Ethereum climbed a whopping 14,86% against Bitcoin yesterday, the biggest gain since January 4, 2021. A pleasant surprise, especially since ETH recently hit its lowest price-to-BTC ratio in five years. This recent surge also marks the end of a six-month downtrend.

In previous bull markets, we’ve seen a shining pattern: capital first flowed from Bitcoin to Ethereum. Once Ethereum gained momentum, this capital then spread to other altcoins, leading to the infamous altseason. If Ethereum can maintain its current trajectory, we could see a repeat of this phenomenon.

While the recent surge is impressive, it is too early to call it a definitive trend reversal. The coming days and weeks will be crucial to determine whether Ethereum can maintain its bullish momentum. If it succeeds, it could be the start of a long-awaited altseason.

ETH price predictions

Should ETH continue its positive trend, the question arises: how high can the price go? Analyst Trader Tardigrade predicts a price of $7.200, as he recently posted on X. He bases this on the breakout of a so-called 'Descending Broadening Wedge', a bullish pattern in which the price moves within a widening channel, which can indicate a possible upward trend in the event of a breakout.

Frequently Asked Questions

What Led to Ethereum's Recent Surge?

The surge is due to a breakout in its price relationship against Bitcoin, which is restoring investor confidence in ETH.

What can we expect in the coming weeks?

The coming days will be crucial to see if Ethereum can maintain its bullish momentum, potentially ushering in an altseason.

What is Trader Tardigrade's prediction for Ethereum's price?

Trader Tardigrade expects a price of $7.200 if Ethereum continues its current positive trend.

Share this article:

Disclaimer: The information on Block 9 is for general informational and educational purposes only. While we strive to provide up-to-date, correct and relevant content, we make no warranties as to the completeness, accuracy or reliability of the information provided. All content on this website, including articles, analyses, opinions and other publications, is for general information purposes only and does not constitute professional or legal advice in any way, including but not limited to financial, investment or tax advice.

Block 9 makes no guarantees or representations as to any possible results or returns that may arise from the use of information on this website. Nothing on this website should be interpreted as a recommendation to buy, sell or hold any particular asset, including but not limited to cryptocurrencies, tokens or other financial instruments.

The opinions and views expressed in contributions by editors, external authors or community members are strictly personal and do not necessarily represent the views or policies of Block 9 as a platform. Block 9 accepts no liability for any loss or damage – direct or indirect – resulting from the use of (or reliance on) the information published on this website.

Investing in cryptocurrencies and other digital assets involves significant risks. The value of such assets can fluctuate significantly, and there is a chance that you could lose (some of) your investment. We strongly recommend that you always do your own research (DYOR) and seek independent advice from a qualified financial advisor before making any financial decisions. By using this website, you agree to this disclaimer and accept that Block 9 is not responsible for your investment choices or the results thereof.