Ethereum makes a strong comeback! ETH may continue to consolidate its advantage over Bitcoin in the next bull run.

The price of Bitcoin (BTC) remains stable, but its momentum is gradually weakening; in contrast, Ethereum (ETH) has shown strong rising momentum across multiple time frames. Since the “Merge” event changed the supply dynamics, ETH is迎來結構性利好, and the market may have entered a new rising cycle for Ethereum.

BTC and ETH: Momentum Divergence Intensifies

(Source: Alphractal)

Since 2024, BTC has maintained a high price, but short-term purchasing power is insufficient, and long-term demand momentum is weakening.

(Source: Alphractal)

At the same time, ETH has emerged from a long-term slump, maintaining an upward trend across multiple timeframes in recent months, demonstrating a clear advantage over BTC.

Structural Advantages of Ethereum

(Source: CryptoQuant)

After Ethereum completed its PoS (Proof of Stake) transformation in 2022, the mining mechanism disappeared, the network difficulty dropped to 0, which directly eliminated the selling pressure from miners.

Staking Mechanism: Reduces Circulating Supply

EIP-1559: Continuous destruction of transaction fees increases scarcity

These changes provide long-term deflationary support for ETH, making it more attractive in the eyes of institutions and long-term investors.

Technical Indicators Release Recovery Signals

(Source: Trading View)

Current price: approximately 4,380 USD, daily increase of 1.7%

Support level: $4,250

Resistance levels: $4,400 (short-term breakout point), $4,800 (historical high)

The RSI shows a slight bullish tendency, and although the MACD is still in the bearish zone, it has shown signs of convergence, which usually indicates that momentum may reverse.

Key Price Levels and Risks

Bullish Scenario: If it breaks through 4,400 USD, it will strengthen market confidence and pave the way to challenge 4,800 USD.

Bearish scenario: If it breaks below $4,250, selling pressure may quickly intensify, and the price could test lower support.

Market Outlook

The current technology and fundamentals of ETH indicate that it is expected to continue consolidating its advantage over BTC in the near future.

Although short-term observation of breakthrough signals is still needed, with the expansion of staking scale, continuous supply destruction from EIP-1559, and the increase in institutional adoption rate, ETH may become a leader in the next bull market.

Conclusion

Ethereum is at the intersection of structural favourable information and a technical rebound. For investors, the support at $4,250 and the breakthrough at $4,400 will be key observation points in the short term, while in the medium to long term, attention should be paid to its progress in global payments, DeFi, and institutional adoption.