Ethereum Breakout: Price Strength Against Bitcoin Hits 3-Month High

Ethereum's price strength against Bitcoin has reached its highest level in three months, suggesting a potential uptrend. Analysts point to a breakout above key resistance levels and bullish chart patterns as indicators of further gains. In the short term, targets near $2,464 are expected, while long-term projections range between $12,000 and $17,000 if support levels hold.

Market indicators like the Puell Multiple also show capital returning to crypto, supporting a positive outlook for Ethereum and altcoins. This is in line with recent developments such as US spot Ethereum ETFs seeing three consecutive weeks of inflows, indicating renewed institutional interest in the asset.