TLDR:
- Ethereum price rises 3.15%, trading volume up 25.40% to $27B.
- MACD crossover and chart breakout signal bullish continuation.
- ETH/BTC ratio gains as Bitcoin dominance weakens.
- Analysts forecast a 30 to 40% rally, targeting the $4,000 ETH price level.
Ethereum is showing signs of strength as technical signals suggest a potential breakout against both Bitcoin and the U.S. dollar. Market watchers are pointing to renewed ETH momentum while Bitcoin’s price remains stagnant.
The second-largest crypto by market capitalization trades at $2,728.68, marking a 3.15% increase over the past 24 hours as of press time. Trading volume has surged by 25.40% to $27.08 billion, signaling heightened market activity and investor interest.
Multiple analysts are now forecasting a substantial price movement that could push ETH toward the $4,000 level. This bullish sentiment comes as Bitcoin dominance shows signs of easing, potentially setting the stage for an altcoin surge.
Ethereum Price Shows Strong Technical Momentum
Recent price action has impressed cryptocurrency analysts who track Ethereum’s performance.
TedPillows highlighted that ETH/BTC is displaying notable strength while Bitcoin moves sideways. The analyst noted that ETH/USDT is approaching a crucial breakout level around $2,725.
“I think ETH has the best chance now to rally,” TedPillows stated on X. The trader suggested that Ethereum could deliver a 30% to 40% weekly candle movement in the coming period.
ETH/BTC is looking strong.
ETH/USDT is getting closer to a breakout.
All this is happening while $BTC is going sideways.
I think $ETH has the best chance now to rally.
And I wouldn’t be surprised if ETH pulls a 30%-40% weekly candle here. pic.twitter.com/wvwF5Lvjk1
— Ted (@TedPillows) May 29, 2025
Historical data support this optimistic outlook, as ETH/BTC has broken above a long-term descending trendline that originated in 2021. This technical development often precedes significant price rallies in altcoin markets.
Technical analysis reveals several bullish indicators aligning for Ethereum price action.
Cas Abbe identified a weekly MACD bullish crossover, which typically signals upward momentum in crypto markets. The MACD indicator compares two exponential moving averages and generates buy signals when the lines cross favorably.
Additionally, Ethereum has reclaimed a multi-year support trendline, strengthening the case for continued upward movement. Cas Abbe’s chart patterns show ETH breaking out of a long-term ascending triangle formation with a projected price target of $4,205.
$ETH is looking good here.
Weekly MACD bullish cross along with reclaim of multi-year support trendline.
ETH/BTC is also gaining momentum while BTC dominance momentum is fading.
$4K ETH is coming sooner than expected. pic.twitter.com/OeCxPzPYDw
— Cas Abbé (@cas_abbe) May 29, 2025
“$4K ETH is coming sooner than expected,” Abbe commented, referencing the confluence of technical signals supporting higher prices.
ETH Outperforms Broader Crypto Market
Ethereum’s recent performance stands out against the broader cryptocurrency landscape. While the global crypto market declined 1.70% over the past week, ETH gained 2.60% during the same period. This relative strength demonstrates Ethereum’s resilience and potential for independent price action.
The ETH/BTC ratio has gained momentum as Bitcoin dominance begins to fade. This shift typically benefits altcoins, with Ethereum often leading such market rotations due to its established ecosystem and institutional adoption.
Trading activity supports the bullish thesis, with Ethereum’s 24-hour volume representing an increase from previous sessions. Market participants appear positioned for a potential breakout above current resistance levels.
The post ETH vs BTC: Ethereum Strengthens, Analysts Predict 40% Rally Toward $4,000 appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.