Most likely normal operation of the coolant reservoir which is vented to atmosphere. As the temp increases insides the closed coolant system (radiator et al) the pressure also will increase. The radiator cap acts as a relief valve and allows the volume of fluid to decrease by opening slightly and allowing passage to the reservoir tank. When cool, the contracting fluid volume will draw fluid back into the radiator via siphon action.
Just as you can smell you mom's soup cooking, any hot fluid released into the reservoir tank will can be smelled. The more hot volume diluting the cold volume already in the tank the more vapor released. Trapped air in the system will also be vented directly to the tank and can be smelled.
If you're concerned, take piece of painters tape and mark the cold level on the tank. Check it again over several days when cold. If the level is lower with each measurement interval then you have a leak. If the level is mostly consistent (no downward trend) then you're good.