Over the last two days, ETH has outperformed not only Bitcoin but most of the top digital assets, fueled by technical momentum and a successful network upgrade.
A key driver behind the surge is Ethereum’s breakout against Bitcoin, where bullish formations have emerged on short-term charts—specifically, golden crosses that often hint at trend reversals.
These signals suggest growing strength relative to BTC and have triggered renewed interest from traders watching the ETH/BTC pair closely.
Adding fuel to the rally, Ethereum recently implemented the Pectra upgrade—billed by developers as its most ambitious since the 2022 shift to proof-of-stake.
The market responded decisively: ETH shot up by over 37% in under 48 hours, smashing through $2,400 and logging its best single-day performance in years. Bitcoin, by contrast, gained less than 8% during the same stretch.
As of now, ETH is holding above $2,400 and continuing to show relative strength, a reversal of the long-standing trend of Bitcoin dominance.
Ethereum’s price has risen by 7.5% over the past week, showing signs of building momentum toward the $4,000 mark. A golden cross, a bullish technical indicator, and an RSI currently at 63.6 suggest the potential for continued gains. However, the market remains at a critical juncture where support and resistance levels will shape its trajectory. […]
Ethereum (ETH) has experienced a solid 65% gain this year, but its price growth has been overshadowed by Bitcoin (BTC) and other major cryptocurrencies like Solana (SOL) and XRP. Despite this, analysts are increasingly optimistic about ETH’s future, with some predicting that the second-largest cryptocurrency could soon reach significant price milestones. Though Ethereum’s price rise […]
A crypto market observer predicts a potential drop for Ethereum (ETH) compared to Bitcoin (BTC) while expressing optimism about Solana (SOL). $ETH lol…this is the chart I had months ago. The true $ETHBTC bottom is probably at like 0.025-.03 pic.twitter.com/W2Zrn9lR9B — Altcoin Sherpa (@AltcoinSherpa) November 20, 2024 The analyst, known as Altcoin Sherpa on social […]
Ethereum’s recent market performance is raising alarms among analysts. Starting October at $2,400, ETH reached $2,500 by November, but experts now predict a potential decline of $1,000. The cryptocurrency has seen a 5.30% drop in the last 24 hours, reflecting broader market corrections. Analyst Peter Brandt highlights a bearish trend, noting an unmet target of […]