ETH: Breakout to New Highs vs Bitcoin Ahead

ETH at $2581.54 stands one step from new highs versus Bitcoin, says trader Michaël van de Poppe.

Price sits above the EMA50 at $2525.15 and EMA200 at $2368.33, confirming the broader bullish trend structure. The MACD death cross at 32.64 signals short-term caution while RSI at 56.8 leaves room for continuation. With price inside the Bollinger bands, the upper band at $2710.17 acts as immediate resistance; a clean breach there would open the path to fresh ETH/BTC ratio highs before any test of lower support at $2414.04.