Ethereum Eyes 30%-Plus Gains Versus Bitcoin Amid ‘Altseason’ Buzz

Published: July 08, 2025

Author: Yashu Gola

Key Insights

• Ethereum (ETH) is showing signs of a significant rebound against Bitcoin (BTC), with analysts predicting a potential 30% breakout.
• Bit Digital's strategic shift from Bitcoin to Ethereum adds institutional credibility to Ethereum's bullish outlook.
• The altcoin market cap is testing crucial long-term support, which could indicate the onset of a new altseason.

ETH/BTC Bull Flag Pattern

Ethereum is currently forming a bull flag pattern against Bitcoin. This technical pattern typically indicates a consolidation phase following a strong price increase. A breakout above the upper trendline of this pattern could lead to a price surge, potentially reaching 0.031 BTC, representing a 35% increase for Ethereum.

As of the latest data, ETH/BTC is trading within this bull flag range, and a breakout accompanied by increased trading volume could validate this bullish scenario. Conversely, a drop below the lower trendline could invalidate the bullish setup, leading to a potential decline towards the 0.017-0.018 BTC range.

Institutional Support for Ethereum

Bit Digital, a publicly listed crypto mining firm, has recently rebalanced its treasury by selling 280 BTC to acquire over 100,000 ETH. This move is seen as a strong endorsement of Ethereum's potential to outperform Bitcoin, further solidifying the bullish sentiment surrounding ETH.

Altseason Prospects

The broader altcoin market, excluding Bitcoin, is currently testing a significant ascending support trendline. Historical data suggests that previous bounces from this level have often preceded explosive altcoin cycles, commonly referred to as "altseasons." A successful breakout above current resistance levels could push total altcoin valuations beyond $2 trillion, while a rejection might lead to a final pullback before any sustained upward movement.

Conclusion

With Ethereum showing promising technical patterns and receiving institutional backing, the potential for a significant price increase against Bitcoin is high. The current market dynamics suggest that traders should closely monitor the ETH/BTC pair for breakout opportunities, as well as the overall altcoin market for signs of a new altseason.