Ethereum (ETH) demonstrated strong upward momentum this week, surpassing Bitcoin. This morning, after Trump announced significant progress in trade talks with China, ETH briefly broke through $2,600, and was trading at $2,544 before the article's deadline, rising nearly 8% in the past 24 hours, reigniting short-term market optimism.
According to Tradingview market data, the ETH/BTC ratio has broken through 0.024, currently at 0.02446, rising over 30% since Thursday, returning to the resistance zone of March this year.
Optimistic Comments About Ethereum's Return to Glory Emerge
Looking at a longer timeframe, Ethereum has risen over an astonishing 80% in the past month. Analyst @ali_charts believes that ETH's strong breakthrough of key resistance levels might signal the start of a new rally. Currently, investors are closely watching whether ETH can stabilize above the 200-day moving average (EMA around $2,450).
Unlike Bitcoin, which is primarily positioned as a "digital gold" store of value, Ethereum's unique value lies in being a programmable developer platform. 1confirmation founder Nick Tomaino posted last night:
Despite Bitcoin's massive market cap, it faces issues of increasing centralization and insufficient real-world application scenarios for new users.
In contrast, Ethereum is a credibly neutral, internet-native value storage and base asset, supporting key tracks like stablecoins, Decentralized Finance (DeFi), Non-Fungible Tokens, prediction markets, and decentralized social platforms.
Almost all innovative applications in the crypto industry over the past decade were born in the Ethereum ecosystem, continuously expanding their user base and enhancing scarcity through ETH as a settlement and collateral asset.
Whether ETH's price is truly starting a new wave of growth or just a short-term squeeze requires more time to observe.
