ETH: Copper/Gold Ratio Flips Bullish After 4 Years

ETH stands ready for a major upside break as the Copper/Gold ratio shatters a four-year downtrend and turns higher, echoing the positive correlations that fueled the 2017 and 2021 cycles while Bitcoin debates rage over a potential super cycle. Michaël van de Poppe highlighted the insane correlation that typically sees ETH follow the macro momentum with a lag once market confidence builds. On the 4h chart, price at $1774.76 trades inside the Bollinger Bands with upper resistance at $1801.39 and lower support at $1751.56; the neutral RSI(14) at 57.52 paired with the MACD death cross at 21.22 suggests a brief pullback toward the EMA50 support of $1719.97 before continuation higher, while the EMA200 at $1748.02 acts as immediate structural floor. This macro-technical confluence reinforces the case for renewed crypto market momentum without relying on the anomalous 2024 divergence.