Ethereum

altFINS

Token

Bitcoin

Show

<p>As Bitcoin (BTC) trades near its recently achieved all-time high, traders and analysts are shifting their focus to altcoins, particularly Ethereum (ETH), which may be primed for a strong performance in the short term. According to well-known trader CrediBULL Crypto, ETH could be on the verge of a 10% move to the upside, outperforming BTC as the market leader consolidates its gains.</p> 
<h2 class="wp-block-heading" id="eth-btc-pair-forming-local-bottom">ETH/BTC Pair Forming Local Bottom</h2> 
<p>CrediBULL Crypto’s analysis <a href="https://twitter.com/CredibleCrypto/status/1765152242783424862" target="_blank" rel="noreferrer noopener nofollow">suggests</a> that the ETH/BTC trading pair is forming a local bottom, setting the stage for a potential rally. The trader’s thesis had been that BTC would outperform altcoins until reaching new all-time highs. Now that this milestone has been achieved, CrediBULL Crypto believes it’s time to start gradually shifting focus to altcoins, with ETH being a prime candidate.</p> 
<p>To capitalize on this potential opportunity, the trader is adjusting their portfolio, shifting their primary swing long position on BTC to an equal-sized position in ETH.</p> 
<p>This move reflects the growing confidence in Ethereum’s short-term prospects and its potential to outperform Bitcoin in the current market environment.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="530" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-1024x530.png" alt="" class="wp-image-448653" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-1024x530.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-300x155.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-768x397.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-1536x794.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-2048x1059.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-290x150.png 290w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-677x350.png 677w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-212-788x407.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="successful-retest-of-support-signals-trend-continuation">Successful Retest of Support Signals Trend Continuation</h2> 
<p>Renowned analyst Rekt Capital has also <a href="https://twitter.com/rektcapital/status/1765019444491731294" target="_blank" rel="noreferrer noopener nofollow">observed</a> a bullish development for Ethereum, noting that the cryptocurrency has successfully retested a key support area (depicted in orange on their chart) and has since “springboarded” into trend continuation.</p> 
<p>A successful retest of support often indicates that buyers are stepping in to defend a crucial price level, increasing the likelihood of a continued uptrend. With ETH now trading above this key support area, the path may be cleared for further upside momentum.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-1024x723.png" alt="" class="wp-image-448645" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-211.png 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF?
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<h2 class="wp-block-heading" id="altfins-technical-analysis-bullish-breakout-and-upside-potential">altFINS Technical Analysis: Bullish Breakout and Upside Potential</h2> 
<p>Technical analysis platform altFINS has issued a bullish outlook for Ethereum, identifying a resistance breakout pattern that has reached the breakout stage.</p> 
<p>The platform highlights a bullish break above $3,600, which signals a continuation of the prevailing uptrend, with near-term upside potential targeting $4,000 and mid-term prospects pointing to a retest of ETH’s all-time high near $5,000.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-1024x573.png" alt="" class="wp-image-448661" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-213.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>However, altFINS also cautions that ETH’s Relative Strength Index (RSI) is currently at 86, indicating that the cryptocurrency is very overbought in the short term. This could lead to a temporary pause in the uptrend or some profit-taking. The platform suggests using such pullbacks as potential entry points for swing trades within the broader uptrend.</p> 
<p>One of the key factors contributing to the bullish sentiment surrounding Ethereum is the anticipated launch of an Ethereum Spot ETF in May 2024. This development is expected to drive increased institutional interest and investment in ETH, potentially benefiting not only Ethereum but also related altcoins within its ecosystem.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/top-7-token-unlocks-to-watch-this-week-ethereum-name-serviceens-near-protocol-near-and-more/" target="_blank" rel="noreferrer noopener">Top 7 Token Unlocks to Watch This Week: Ethereum Name Service(ENS), Near Protocol (NEAR), and More</a></li> 
 <li><a href="https://captainaltcoin.com/theta-networks-theta-price-rallies-expert-highlights-potential-retest-level-but-theres-a-catch/" target="_blank" rel="noreferrer noopener">Theta Network’s (THETA) Price Rallies: Expert Highlights Potential Retest Level, But There’s a Catch</a></li> 
 <li><a href="https://captainaltcoin.com/advertising-potential-propels-deestream-dst-presale-as-100x-rumours-circulate-post-binance-coin-bnb-cardano-ada-whales-buy-in/" target="_blank" rel="noreferrer noopener">Advertising Potential Propels DeeStream (DST) Presale As 100X Rumours Circulate Post Binance Coin (BNB) &amp; Cardano (ADA) Whales Buy-In</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/ethereum-may-outperform-bitcoin-btc-analyst-shares-the-possible-price-surge-for-eth/">Ethereum May Outperform Bitcoin (BTC): Analyst Shares The Possible Price Surge For ETH</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum May Outperform Bitcoin (BTC): Analyst Shares The Possible Price Surge For ETH

Table of Contents

CaptainAltcoin

Other articles published on Mar 6, 2024

Grayscale Launches Dynamic Income Fund for Multi-Asset Staking

CoinGecko users report downtime due to platform glitch

Verge (XVG) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

What Ripple Holders Got Wrong About Cardano Feud & Why Pushd is Gaining Popularity?

Nexo receives license to provide crypto services in Dubai

Bitcoin Daily Spot Trading Volume Hits New High of Over $46 Billion

Join our free newsletter for daily crypto updates!