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Key Takeaways:
- Ethereum has gained 35% in 4 weeks, bolstered by a 10% daily gain and growing market interest.
- ETH/BTC chart structure and technicals indicate strong bullish momentum, with potential for a breakout past key resistance.
- Spot exchange inflows and wallet accumulation show long-term conviction, supporting a bullish ETH trajectory heading into August.
Ethereum (ETH) has posted impressive gains over the past month, climbing more than 35% amid growing investor optimism and a notable liquidity rotation out of Bitcoin (BTC). The uptrend continued in the last 24 hours, with ETH registering a 10% surge, signaling renewed market confidence.
ETH Poised for a 28-Day Rally?
Joao Wedson, market analyst and founder of Alphractal, identified a compelling historical fractal linking ETH rallies to Bitcoin all-time highs. According to Wedson, Ethereum typically surges 28 days after BTC peaks, benefiting from liquidity rotation as investors lock in BTC profits and shift into altcoins.
Did you know? ETH always outperforms BTC for 28 days after each all-time high!
— Joao Wedson (@joao_wedson) July 16, 2025
In 2017 and 2021, on the exact day Bitcoin hit its ATH, Ethereum started to shine on its own — outperforming BTC for the next 28 days.
The first time, ETH pumped +100%, and the second time +80%, while… pic.twitter.com/fJnCQzrQAk
This pattern played out in both 2017 and 2021, with ETH posting 80% to 100% gains during BTC drawdowns. Given that Bitcoin reached a record high of $123,000 on July 14, ETH’s 28-day countdown may already be underway—potentially signaling explosive upside in early August.
ETH/BTC Chart Signals Bullish Breakout Potential
The ETH/BTC chart is showing increasing strength as ETH forms higher highs and approaches a key resistance level at 0.02938 BTC. While a temporary rejection could cause a pullback to the 0.02605–0.02540 range, technical indicators overwhelmingly favor bulls.
The Aroon Indicator reinforces this outlook: the Aroon Up line hit 100%, while the Aroon Down dropped to just 7.18%, confirming a powerful upward trend. Additionally, Ethereum’s 20-day and 50-day moving averages have now crossed above the 100-day MA—a bullish signal that could become even stronger if a crossover above the 200-day MA occurs.
Spot Market Activity Shows Renewed Confidence
Ethereum has also witnessed a resurgence in spot market interest. CoinGlass data shows a $11 million net inflow into ETH on exchanges over the past 24 hours—marking a shift after two straight days of net selling.
Notably, much of this ETH has been transferred into private wallets, indicating long-term holder confidence and reducing short-term selling pressure. This behavior could further tighten supply and amplify upward price momentum.
With historical fractals, bullish technicals, and spot market inflows aligning, Ethereum appears well-positioned for further gains. Should the ETH/BTC resistance be broken and the 200-day MA be surpassed, a major breakout could follow.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: BTC Digital Raises $6M to Abandon Bitcoin Mining for Ethereum Treasury Strategy
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
