The Bitcoin price has managed to exceed $ 100,000, and a new ATH now seems possible. Ethereum (ETH) has been strongly rebounded for a few days, he even managed to iron much beyond $ 2,000. Has he recorded the Bottom of the cycle? We take stock of the Bulletin of the Prince of Cryptomnnaies!
Ethereum course explodes 23 % in 24 hours
What if it was the time for Ethereum to wake up? Ethereum’s course explodes more than 23 % in 24 hoursand near 30 % in one week. It also has an increase in more than 60 % in a month :
| Pair | 1H | 24h | 7J | 1M | 3m | 6m |
|---|---|---|---|---|---|---|
 ETH/BTC | 4.48% | 17.14% | 20.39% | 18.95% | -16.58% | -43.06% |
 ETH/USDT | 5.15% | 22.71% | 29.15% | 61.43% | -9.93% | -25.42% |
Ethereum performances facing different pairs. Source: Coincheckup
It’s been a while since we observed a Ethereum outperformance compared to bitcoin. ETH/BTC pair climbs 17 % in 24 hoursand more than 20 % in a week.
Still no significant entries on ETHEREUM ETHEREM in cash
Ethereum course is in the process of volatile. However, this increase is not the result of high demand on the ETF In cash:
In April, ETHEREUM ETF a few positive daysbut nothing comparable at the end of 2024. For the moment, the operators who invest in ETFs are not convinced. Even after an increase in 60 % in a monthTHE investors remain away from eth.
ETH’s course validates a bullish signal in day laborers
For several months, the sellers had their hands on the course of ETH. But with the net passage beyond 2 000 $ and above the Dowing trendlineTHE buyers regain hands on the course :
ETH a un momentum bullish in day laborers (RSI), and the course is back on the Resistance at $ 2,350. Rejection could send the course around 2 000 $and a break in the resistance could generate a increase to resistance at $ 2,700.
Ethereum’s course resumed around $ 1,500, and it is back beyond $ 2,000. ETH’s course records a bottom from a technical point of view, and now, it will be necessary to keep the $ 2,000. ETH flies after the Pectra update.
