Ethereum outpaced Bitcoin during early 2021, climbing 202.61% compared to Bitcoin’s 40.57% gain between February and April. Such a steep difference demonstrated that Ethereum could spearhead rallies and draw capital before the inflows reached mid- and lower-cap altcoins.
Both assets recovered by July 2021, yet Ethereum continued to have greater percentage gains. This repetitive pattern indicated that Ethereum may signify the beginning of larger altcoin rotations.
Altcoins market capitalization, not including Bitcoin and Ethereum, is about $1.06 trillion, as of the weekly period. The chart has a cup and handle shape, which is a bullish continuation pattern that frequently comes before huge upward movements.