Ethereum (ETH) has broken out of a multi-month falling wedge pattern against Bitcoin (BTC), signaling renewed strength in the market. This development, highlighted by analyst Merlijn The Trader, marks a shift in market structure and short-term positioning. Intraday data reveals that ETH has outperformed BTC, with a 0.51% increase to $3,038.73 and a significant 30.7% rise in trading volume to $19.24 billion. Market analysts are closely monitoring the ETH/BTC pair to see if it can advance towards the $0.038–$0.040 range, which could indicate further bullish momentum for Ethereum against Bitcoin.