ETH: Sweep Fuels Run Toward Highs With BTC
ETH at $2427.98 sweeps lows then climbs, aligning with BTC for potential highs run; 4h chart shows EMA50 support at $2192.72 amid neutral RSI.
SourceAnalysis
ETH completed the sweep and rebounded sharply, tracking BTC closely and raising odds of a fresh push toward recent highs in coming sessions according to trader @CryptoMichNL.
With price at $2427.98 inside the Bollinger band, the upper resistance at $2524.49 sits just above while the lower support rests at $2256.1; the bullish structure anchored by EMA50 at $2192.72 and EMA200 at $1980.63 remains intact even as MACD prints a death cross at 88.99 and RSI holds neutral near 67.78, suggesting any overbought extension could retrace to the 50-EMA before continuation. Traders eyeing dips toward $2200 align with that confluence zone for fresh ETH price prediction entries while monitoring broader crypto market crash risks and AI industry impact on risk assets.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast