ETH: Trader Flags Breakout Path to $3,000
CryptoMichNL states Ethereum is outperforming Bitcoin and targets a strong move to $3,000, with $2,300 support and ETF inflows expected to fuel continuation after any sweep to $2,370.
SourceAnalysis
CryptoMichNL asserts ETH is advancing faster than Bitcoin and stands ready for a decisive push toward $3,000.
The trader highlights $2,300 as the prime entry zone and outlines a probable path of a quick dip to $2,370 followed by immediate ETF-driven buying that lifts price to fresh highs.
At $2419.45 the four-hour chart shows price holding above the EMA50 at $2320.39 while pressing the EMA200 at $2426.2; with the MACD locked in a bullish golden cross at 37.92 and RSI at 69.13 still neutral, the market sits inside the Bollinger band where a test of upper resistance at $2458.65 could trigger a measured pullback to the $2320 zone before the next leg higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast