ETH has been quiet for a long time. Too quiet. And that is usually when the biggest relative moves start forming.
On the $ETH to $BTC chart, a classic reversal structure is taking shape. The same one that showed up years ago before ETH went on a monster run against bitcoin. History does not repeat perfectly, but it loves to rhyme.
The key level is simple. If ETH breaks and holds above the neckline, momentum flips. That kind of breakout has delivered close to 100 percent relative gains before. Not hype. Just structure doing its job.
This is how rotations begin. Bitcoin leads the cycle. Then capital looks for higher beta. In past runs, ETH was the first stop before money spilled into the rest of the market.
Most people only notice ETH after it moves. The setup usually appears when confidence is low and patience is thin.
Nothing is confirmed yet. But if this level gives way, the catch up could be fast and aggressive.
Markets reward those who watch structure, not noise.