Over the last two days, ETH has outperformed not only Bitcoin but most of the top digital assets, fueled by technical momentum and a successful network upgrade.
A key driver behind the surge is Ethereum’s breakout against Bitcoin, where bullish formations have emerged on short-term charts—specifically, golden crosses that often hint at trend reversals.
These signals suggest growing strength relative to BTC and have triggered renewed interest from traders watching the ETH/BTC pair closely.
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Adding fuel to the rally, Ethereum recently implemented the Pectra upgrade—billed by developers as its most ambitious since the 2022 shift to proof-of-stake.
The market responded decisively: ETH shot up by over 37% in under 48 hours, smashing through $2,400 and logging its best single-day performance in years. Bitcoin, by contrast, gained less than 8% during the same stretch.
As of now, ETH is holding above $2,400 and continuing to show relative strength, a reversal of the long-standing trend of Bitcoin dominance.