Ethereum: Analyst Flags $3000 Breakout Despite BTC Move

Ethereum construction points to an imminent breakout even as BTC dominance pressures altcoin pairs, according to trader @CryptoMichNL.

The analyst highlighted that recent Bitcoin strength could weigh on ETH versus native pairs yet the current structure still supports a push toward the $3000 zone.

Price action on the 4h chart shows Ethereum inside the Bollinger Bands with upper resistance at $2518.61 while the RSI(14) sits at 62.32; a healthy retracement toward the EMA50 support at $2428.77 remains probable before continuation higher, especially with the MACD golden cross already in place above the EMA200 at $2216.48.