Ethereum Breakout Rekindles Altseason Debate

The Ethereum (ETH) price has surged against Bitcoin (BTC), reigniting debate over an impending altcoin rotation.

Fire Hustle argues that ETH's sharp move against BTC is a more significant signal than Bitcoin's own rally. She points out that ETH's largest single-day advance since May 2025 coincided with roughly $3 billion in liquidations, mainly from short positions.

The ETH/BTC ratio has turned higher after declining since May, suggesting Ethereum may be leading a wider shift in market appetite. Fire Hustle notes that Bitcoin dominance fell from about 65% in June of the prior year to 57%, but an expected broad rotation into altcoins never materialized.