Ethereum: Lags Bitcoin on Timing

Ethereum isn't faring well against Bitcoin, primarily due to market timing, warns trader Michaël van de Poppe. As the Nasdaq climbs, investors flock to BTC as a higher beta alternative, delaying the spotlight on altcoins. This selective timing isn't alarming; certain altcoins that thrived before the recent crypto market crash could still outperform Bitcoin. Van de Poppe advises waiting for ETH to rally before diving deeper into altcoin markets, echoing patterns from the last 6-12 months where BTC led recoveries.

On the 4-hour chart, ETH holds a bullish structure with price at $2369.31, comfortably above the EMA50 at $2313.88 and EMA200 at $2260.21, acting as robust long-term supports. Momentum stays neutral with RSI at 61.44, while MACD's bullish golden cross at 17.33 signals strengthening upside. Yet, as price hugs the upper Bollinger Band resistance near $2374.3, volatility suggests a potential pullback to the lower band support at $2267.87 or even the EMA50 confluence before resuming the climb—classic exhaustion play in this ETH price prediction cycle, much like the Bitcoin dominance shifts we've seen amid hype around assets like TAO.