Ethereum: Outperforms Bitcoin With $2,000 Target
Ethereum outperforms Bitcoin with $ETH at $1931.45 targeting $2,000 as 4h chart shows bullish MACD golden cross and EMA50 support at $1880.
SourceAnalysis
Ethereum continues to outperform Bitcoin according to trader @CryptoMichNL, with the pair's relative strength making a return to $2,000 a matter of time.
Price action on the 4h chart sits inside Bollinger Bands with upper resistance at $1962.41 and lower support at $1855.58 while the MACD golden cross at 17.99 confirms trend strength above EMA50 support of $1880.02 and EMA200 at $1786.65. With RSI(14) at 61.44 leaving room before overbought conditions, the setup favors continuation toward the $2,000 level after any pullback to the 50-EMA. ETH price prediction models and Ethereum technical analysis both align with this macro rotation away from Bitcoin dominance in the current cycle.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast