ETH: Breaking Downtrend Against Bitcoin

ETH has broken its downtrend against Bitcoin and stands ready to extend gains, according to trader @CryptoMichNL.

Price sits at $1792.14 inside the Bollinger Bands with upper resistance at $1833.99. The RSI(14) at 75.67 flashes overbought while the MACD registers a bullish golden cross at 45.88. This confluence points to a probable retracement toward the EMA50 support at $1673.45 before the next leg higher, keeping the structure above the EMA200 at $1746.91. Such action aligns with shifting momentum that fuels fresh ETH price prediction models and reduces near-term Bitcoin dominance pressure across the ecosystem.