Ether strengthened sharply against Bitcoin on 15 July, with the ETH/BTC exchange rate breaking above a resistance level watched by technical analysts. The move reversed several weeks of relative under-performance and came as Bitcoin’s dollar price edged lower. Chart watchers pointed to a completed inverted head-and-shoulders pattern in the pair and a decline in Bitcoin’s market-share gauge, known as Bitcoin dominance, as evidence of money rotating toward alternative tokens. Some participants also flagged the risk of an ETH short squeeze that could accelerate the shift. The outperformance fuels talk of a broader ‘altcoin season,’ although analysts cautioned that follow-through will depend on whether liquidity remains supportive across digital-asset markets.