Bitcoin: Altcoins Outperform as Consolidation Nears

Bitcoin continues to lag while many altcoins post gains against BTC pairs, according to Michaël van de Poppe, who views the divergence as a constructive market signal provided Bitcoin secures a low and consolidates.

Price action on the ETH 4h chart at $1581.43 sits inside Bollinger Bands with upper resistance at $1612.59 and lower support at $1553.73; the neutral RSI at 47.87 combined with a MACD golden cross at -5.06 suggests buyers defend the zone above EMA50 support of $1608.04 before any sustained push higher, keeping ETH price prediction models tilted bullish once Bitcoin consolidation completes.