> At a Glance
> – ETH notches five straight green days, up 5% to $3,160 this week
> – Trader Sykodelic flags early stage of outperformance vs Bitcoin
> – Daily triangle compression near $3,130 targets 30% move on breakout
> – Why it matters: Crypto watchers eye pattern that preceded prior alt-coin runs
Ethereum is pushing the upper limits of a months-long triangle as buyers keep the five-day win streak alive and volume tops $17 billion in 24 hours.
ETH/BCT Ratio Flashes Familiar Signal
A multi-year ETH/BTC chart posted by Sykodelic shows green-boxed periods when Ethereum started gaining on Bitcoin ahead of broader alt-coin strength. The current setup places the ratio at 0.034 after a trend-line break, echoing moves that preceded prior market tops.
> Sykodelic noted:
>
> “What we can see here very clearly is that $ETH is currently at the beginning stage of its outperformance against Bitcoin.”
The trader adds that full-blown outperformance usually arrives when market liquidity expands-something “we have not had yet this cycle.”
Triangle Tightens Around $3,130
Ali Martinez‘s daily chart puts ETH inside a symmetrical triangle defined by lower highs and higher lows since December. Price now sits near the apex at $3,130; a resolution could swing the pair roughly 30%.
| Scenario | First Target |
|---|---|
| Break up | $3,300 (then eyeing $4,000) |
| Break down | $2,190 support |
Volume remains steady while traders wait for a directional cue.
Echo of Mid-2024 Base
CryptoWZRD compares today’s structure with Ethereum’s 46% correction and 12-week consolidation in mid-2024. That range ultimately broke higher; the current zone between $2,800-$3,200 must hold its lows to keep the same playbook intact.
> CryptoWZRD warned:
>
> “Ethereum has to hold the lows, or it will break the range.”
ETH still trades 36% below its August 2025 all-time high, yet accumulation chatter targets a potential cycle push toward $7,000-$10,000 if support holds.
Key Takeaways
- Five-day rally leaves ETH at $3,160 with $17B daily volume
- ETH/BTC breakout and past cycle parallels draw bullish attention
- Triangle compression near $3,130 sets up a possible 30% move
- $3,300 resistance and $2,190 support define the next swing levels
With the triangle tip approaching and historical patterns aligning, all eyes are on whether Ethereum can convert $3,300 into support and extend the weekly climb.
