Ethereum Finally Strengthening, Analyst Reveals When ETH Will Start to Surge Amid Favorable Price Action
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.
Source: altFINS – Start using it today
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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