Ethereum’s Peculiar Correlation Signals Imminent Breakout - Here’s Why

Ethereum's behaving strangely—and that's exactly why traders are getting excited.

The Correlation Conundrum

ETH is moving in patterns that defy traditional crypto market logic. While Bitcoin typically leads the charge, Ethereum's recent price action suggests it's preparing to write its own playbook. The technical indicators are flashing signals not seen since previous major bull runs.

Breakout Territory

Market analysts point to converging factors that could trigger the next major move. Trading volumes are building quietly beneath the surface while volatility compresses to unusually tight levels—classic breakout formation patterns that historically precede significant price movements.

Institutional positioning and derivatives data reveal sophisticated money is accumulating positions ahead of what could be Ethereum's next leg up. The smart money knows something retail might be missing.

Of course, Wall Street will claim they saw it coming all along—right after they finish explaining why they missed the last three crypto rallies.

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Until now, OpenAI has purchased Nvidia’s chips through cloud providers like Microsoft (MSFT) Azure, renting computing power instead of buying hardware. This new setup removes the middleman, a change Huang said will lead to a closer, more direct partnership between the two companies.

Huang added that Nvidia will “help them build an AI infrastructure they operate themselves,” setting up OpenAI to run its own cloud systems in the future.

Nvidia to Invest $100B in OpenAI’s AI Infrastructure

The partnership is large in scale. Nvidia plans to invest up to $100 billion to help OpenAI build data centers dedicated to artificial intelligence. The project will include around 10 gigawatts of computing power, all powered by Nvidia systems.

Huang said the first 1 gigawatt is expected to go online in the second half of 2026. For comparison, 10 gigawatts equals the output of millions of GPUs, showing just how big OpenAI’s next phase of AI development will be.

Huang called the OpenAI deal “incremental” compared to Nvidia’s work with other AI partners such as Oracle (ORCL), CoreWeave (CRWV), and Intel (INTC). He said it’s another step in Nvidia’s growing list of AI collaborations.

Is Nvidia Stock a Buy Right Now? 

Wall Street has a Strong Buy consensus rating on the stock based on 35 Buys, two Holds, and one Sell recommendation. The average NVDA stock price target of $218.14 indicates 17.89% upside potential.