Ether surged above the $3,000 threshold, reclaiming a critical psychological level and decisively breaking above its 200-day moving average. This technical milestone signals renewed medium-to-long-term bullish momentum and reinforces investor confidence in the altcoin’s growth trajectory.
The ETH/BTC pair exhibited a bullish break, suggesting Ether could outperform Bitcoin in the near term as Bitcoin’s momentum softens. This shift indicates changing market dynamics favoring altcoins and highlights Ether’s relative strength against the flagship cryptocurrency.
Fractal analysis projects a potential 1,110% rally for Ether, implying a possible climb to $18,205 from its April low of $1,550 based on historical patterns matching current price action. Technical targets now focus on the $4,000 mark, with the $2,800 to $4,500 range identified as key resistance range critical for sustained upward movement.
Market sentiment points toward a favorable environment for Ether in coming weeks, with technical signals supporting optimism. The $4,000 level stands as a tangible milestone traders are watching closely, reflecting broader expectations of continued altcoin strength.