INSUBCONTINENT EXCLUSIVE:
Key takeaways:Ether is outperforming Bitcoin this week, with the altcoin reclaiming $3,000.The ETH/BTC pair broke above its 200-day moving
average, with the RSI breaking a three-year downtrend, hinting at a structural shift.Fractal analysis suggests ETH could surge to $18,205,
with the near-term target at $4,000.After reclaiming the $3,000 level for the first time since Feb
1, Ether (ETH) exhibits strength in its performance relative to Bitcoin (BTC)
While Bitcoin slipped to $116,500 on Tuesday, ETH posted daily gains, setting new highs at $3,090 for the week.A potential driver behind
With the current rally reaching day 12, BTC profit-taking could be underway, redirecting capital toward altcoins, especially ETH.Bitcoin
Source: Swissblock/XThis shift is reflected clearly in the ETH/BTC pair
The one-day ETH/BTC chart has registered a bullish break of structure for the first time since May 24, signaling a trend reversal
Notably, ETH/BTC also reclaimed a position above its 200-day moving average for the first time in a year, signaling medium- to long-term
strength.Ether/Bitcoin one-day chart
relative strength index (RSI) has broken free from a three-year downtrend
A golden cross is also looming, reinforcing the case for a structural trend change.Combined with a drop in Bitcoin dominance, these signals
treasury asset for tech-savvy firms: Ray YoussefCrypto analyst Merlijn The Trader posted a compelling fractal analysis suggesting that Ether
historical behavior during its previous bull cycle
breakout.Ether Bitcoin fractal analysis by Merlijn
Source: XHowever, while the pattern is visually compelling, it is essential to note that fractal analysis remains largely speculative
It lacks empirical, peer-reviewed validation, and its interpretive nature makes exact outcomes difficult to predict
Despite these limitations, the historical parallels continue to fuel optimism among bullish ETH supporters
Adopting a more technical approach, analyst Daan Crypto said that the immediate target for ETH remains $4,000 after it entered the upper
half of an 18-month cycle range
$2.8K & $4K are the only levels you'll be needing on the higher timeframe
advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
