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According to crypto analyst Michaël van de Poppe, Ethereum is beginning to strengthen its momentum relative to Bitcoin. Despite Bitcoin’s surge from $45,000 to $52,000 in recent days, Ethereum has managed to trade sideways against it – a sign of gathering strength.
“The momentum will shift toward Ethereum when Bitcoin consolidates and calms down. Onwards to $3,500-4,000,” said van de Poppe, eyeing further upside for ETH.
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Show more +Ethereum Uptrend Across Timeframes
Additional analysis from altFINS confirms Ethereum’s broader uptrend remains intact across short, medium and long-term timeframes. Following a bullish breakout above $2,400 resistance, Ethereum rallied 13% to tag the next hurdle at $2,750 where it was rejected in January. Now it has been able to break above that level.
![](https://captainaltcoin.com/wp-content/uploads/2024/02/image-564-1024x573.png)
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A break above $2,750 now signals a continuation towards $3,000+, or price could pull back towards $2,400 support first. But Ethereum’s bullish momentum suggests its uptrend should ultimately resume. The upcoming ETH spot ETF launch in May stands to provide further catalysts for gains.
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