If you’ve traded through 2017 or 2021, you already know this: Altseasons don’t begin with Bitcoin. They start with $ETH flipping the switch. And that switch? It’s $ETH/$BTC breaking above structural resistance. In this cycle, that’s the 0.038 level. Right now, ETH/BTC is forming a clean cup-and-handle + bull flag, pointing to a 30–55% move if confirmed. That’s not just technical alpha, it’s a macro trigger. ● Why ETH/BTC Matters More Than BTC Dominance ETH/BTC is the cleanest expression of “risk-on” within crypto. When $ETH gains on $BTC, it signals that investors are: → Moving down the risk curve, → Positioning for growth, → Seeking higher beta. It’s not just a signal, it’s a liquidity unlock. When $ETH starts outperforming, the market doesn’t just rotate into $ETH. It expands: → L2 tokens rally. → $ETH-native yield protocols regain attention. → Modular infrastructure plays get re-rated. → Real-world assets and Perps catch a bid. ● How the Rotation Could Play Out Here’s a data-backed look at where capital may rotate once $ETH breaks out: Rotation Tier 1: ETH-Native Infra + $PENDLE — Yield narratives lead every $ETH breakout + $RENZO, $PUFFER — LRTs are $ETH-beta with leverage + $EIGEN — The restaking index trade Rotation Tier 2: L2 Capital Expansion + $ARB, $OP, $MNT — High-liquidity L2s with strong builder momentum — Rotation Tier 3: $ETH DeFi Flywheel + $HYPE, $GMX, $DYDX — Revived perp narratives + $ENA, $ONDO — Yield-on-chain + RWA liquidity inflow ✍️ Conclusion This isn’t about chasing low caps early. It’s about tracking ETH/BTC like a hawk. If 0.038 breaks, that’s your cue. “Altseason doesn’t start when your bags pump. It starts when $ETH reclaims dominance.”