The Ethereum ecosystem is showing bullish strength while Bitcoin remains choppy and Solana appears poised for new lows.
The ETH price traded as high as $2,836 on Monday before a marginal pullback to $2,760 due to the weakness in BTC.
More importantly, Ethereum is outperforming BTC and SOL. The ETHBTC trading pair is up by 5% over the past week while SOLETH is down by 14% in the same period.
Considering the weakness in Solana, experts are also anticipating a rotation of capital from Solana meme coins to Ethereum meme coins. Large-caps like Pepe and Floki appear set for a breakout while low-caps like Mind of Pepe and Meme Index are also in high demand.
Has The Altseason Started?
The CoinMarketCap crypto fear and greed index dipped as low as 35, suggesting fear is the dominant sentiment among investors. Typically, this paves the way for the next bullish wave in the crypto market.
With investors underexposed to Ethereum and ETH-based altcoins, a surprise rally in the sector would be in line with the market’s unpredictable nature.
Besides Ethereum, altcoins like Cardano, Aave, Berachain, Arbitrum and Optimism are also showing bullish strength. During this bull cycle, these assets have lagged behind Bitcoin and Solana. Not anymore.
Prominent analyst Nebraskangooner reveals the Ethereum price has broken out of a wedge and has since successfully retested its upper trendline. While the bulls would still need to breach the $2,900 – $2,950 resistance area, the largest altcoin appears poised for a major upside move.
$ETHHeld initial breakout. Finally managed a close above the local resistance this morning.Almost reaching upside target now though. Not sure if it can break that, especially on first go. https://t.co/8CR8Im4Ant pic.twitter.com/aSGpnhCfZL
— Nebraskangooner (@Nebraskangooner) February 17, 2025
Another popular analyst, Merlijn The Trader, reveals that Ethereum’s MACD—Moving Average Convergence Divergence—has flipped bullish in the daily timeframe. The last this indicator flashed a buy signal, the ETH price pumped by 66%, which could pave the way for a continuation to $4,600.
ETH’s biggest bullish narrative is its strength against BTC and SOL. The ETHBTC trading pair hit its median trading line in Andrew’s Pitchfork pattern, which experts believe to be a bottom. A break of the 0.02850 level would confirm that the altseason has indeed started and push Ethereum to a new all-time high.
$ETHBTC is reversing!Are you ready for $ETH to explode? 🚀Don’t say I didn’t warn you pic.twitter.com/f0nptdsvSA
— CobraTrader (@Algorit_trading) February 17, 2025
Meanwhile, Solana appears to be headed towards new lows after a breakdown in the 4-hour chart. Experts are now expecting the Solana meme coin capital to rotate to Ethereum meme coins, which explains the bullish strength in Pepe and Floki.
New Ethereum Meme Coins In High Demand As Traders Hunt For The Next 100x Crypto
The Solana meme coin meta appears to be dead, at least in the short term. The TRUMP, MELANIA, LIBRA, etc. meme coins have finally dried the liquidity in the ecosystem. Smart money traders are now pivoting to Ethereum.
For instance, a new Ethereum meme coin, Meme Index (MEMEX), is in high demand and has raised nearly $4 million in its ICO.
As the name suggests, Meme Index is launching the first-ever index fund for meme coins. The four baskets—Titan, Moonshot, Midcap and Frenzy— offer broader exposure to the meme coin sector while spreading the risk.
Considering only MEMEX holders can invest in the baskets, it is no surprise that experts are calling it the next 100x crypto.
Similarly, an Ethereum-based AI meme coin, Mind of Pepe (MIND), has raised over $6 million in its ICO.
With Pepe showing bullish strength and poised to break out, smaller frog-themed coins like Mind of Pepe could also deliver outsized returns.
MIND is launching its own AI agent, a self-sovereign, self-evolving entity with its own social media accounts and crypto wallet. MIND holders will receive cutting-edge market alpha, meme coins created by the agent and reliable community intelligence.
Similar to MEMEX, Mind of Pepe has impressed investors, with many eyeing up to 100x returns from it.
Visit Mind of Pepe Presale
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