Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks.
ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season.
Short-term forecast: bullish on ETH/BTC Longer-term: will re-evaluate and update this post in the coming weeks.
It might be 'ETH season' when the ETH spot ETF narrative picks up steam - or after BTC leads the 'actual' bull market, post-halving. But before that, it's unlikely for there to be any significant 'ETH season.'