Key results:
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The ether exceeds Bitcoin this week, and Altcoin recovers 3000 USD.
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The ETH/BTC pair crashed above the 200-day movable average, and RSI broke the three-year downward trend, indicating a structural change.
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Fractal analysis suggests that ETH may raise to USD 18 205, and the nearest target is 4000 USD.
After recovering the level of USD 3000 for the first time since February 1, Ether (ETH) shows strength in its efficiency compared to Bitcoin (BTC). While Bitcoin dropped to $ 116,500 on Tuesday, ETH made daily profits, setting up up-to-date Maks on $ 3,090 per week.
A potential driver behind Ether’s rush up is capital rotation from Bitcoin. According to an analytical company SwissblockThe previous four stubborn expansion of Bitcoin lasted from 15 to 30 days. Along with the current rally reaching the day of 12, the arrival of BTC profits can be ongoing, redirecting capital towards Altcoins, especially ETH.
This shift is clearly reflected in Parie Eth/BTC. The one -day chart ETH/BTC for the first time registered the stubborn breaks of the structure from May 24, signaling the reversal of the trend. In particular, ETH/BTC also regained its position above the 200-day movable average for the first time in the year, signaling medium and long-term force.
In addition, adding to the stubborn narrative, Eth Advocate Ted Pillows pointed He has applied that the relative force indicator of ETH/BTC Weekly (RSI) released from the three -year inheritance. The Golden Cross is also chosen, strengthening the case of changing the structural trend.
In combination with a decrease in the domination of Bitcoins, these signals together suggest Preging Altsason, in which the ether could surpass bitcoins in the coming weeks.
Related: Ethereum becomes the preferred tax resource for companies with technology: Ray Youssef
Can the ether accumulate 1110% of this cycle?
Merlijn trader cryptographic analyst Published Viase Fractal Analysis suggesting that Ether (ETH) may comply with a similar trajectory to the Bitcoin market cycle for 2018-2021. Forecasts indicate that the rally from the lowest level of USD 1,550 can evolve 110% “vertical phase”, potentially exceeding ETH to around USD 18 205.
The analysis emphasizes the 63% correction formula, followed by a 342% recovery rally, strictly reflecting Bitcoin’s historical behavior during the previous bull cycle. This thesis is additionally strengthened by the last 100% reflection of the etera from the second quarter, indicating the early stages of the fractal explosion.
However, although the pattern is visually convincing, it should be noted that the fractal analysis remains largely speculative. There is a lack of empirical, reviewed validation, and its interpretative nature makes it challenging to predict exact results. Despite these restrictions, the historical similarities still fuel optimism among the stubborn supporters of ETH.
Accepting a more technical approach, the analyst Daan Crypto said that ETH’s direct target remains 4000 USD after entering the upper half of the 18-month range of the cycle. In post X, trader mentionedIN
“$ ETH moved to the upper half of the huge bicycle range. USD 2.8 thousand and USD 4,000 are the only levels you need in a higher time. Everything else is in my opinion a noise.”
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.