Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Bitcoin trading above $106k and there lot's of positive news coming around for crypto market. Today i am going to discuss about Ethereum’s performance. Recently, Ethereum has been underperforming compared to Bitcoin, often lagging behind during price pumps. Despite past cycles where Ethereum outperformed Bitcoin, this trend has changed since 2021.
Ethereum is facing resistance around the $4000-$4100 range and has been rejected multiple times. Currently, it's forming an ascending triangle, which could indicate a breakout if it can overcome this resistance. This pattern is similar to Bitcoin’s 2021 performance when it broke its resistance after several failed attempts, boosted by higher volume. If Ethereum breaks through, it could rise significantly, possibly reaching $6300. This is based on past patterns, but the market’s movement will ultimately determine the outcome. Ethereum’s ability to hold above the $3100 level is key for a bullish trend. I think good times are just few days to come, just wait and have patience. That's it for today. Thanks & have a good day!!
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