Analysts at Swissblock also emphasize the strength demonstrated by ETH. They describe its growth in recent days as a repetition of "its signature move". This is accumulation and breakout.

And this is immediately visible in two pairs:

- ETH/BTC has broken out of a multi-week range, showing relative strength to BTC.

- ETH/USD has finally broken through the range it has been stuck in since mid-autumn.

The main message: #ETH is not just "catching up to BTC" - it is showing its own strength, rather than moving in tandem with #BTC. This is exactly the pattern from which ETH usually begins its strong upward phases.