Ether Breaks $3K, Leaves Bitcoin Behind in Fresh Crypto Surge
Ethereum (ETH) is making headlines once again, rallying past the crucial $3,000 mark while Bitcoin (BTC) falters. In a remarkable shift, the ETH/BTC pair surged above its 200-day moving average for the first time in a year. With momentum building fast, some analysts now believe Ether could be gearing up for a bold move to $4,000—and perhaps even a staggering $18,205.
So what’s powering this Ethereum breakout, and is a new altseason already underway?
Capital Rotation Fuels Ethereum’s Momentum
This week, Bitcoin saw a dip, falling to $116,500, while Ethereum steadily gained ground. The key reason? A possible capital shift from BTC to ETH.
Analysts at Swissblock noted that Bitcoin’s bullish rallies usually last between 15 and 30 days. Since the current BTC rally is now on day 12, investors may be taking profits and looking elsewhere—namely, Ethereum.
This theory aligns with technical patterns on the ETH/BTC chart. For the first time since May 24, the pair has broken above critical resistance, confirming a bullish market structure.
ETH/BTC Signals Long-Term Strength
The ETH/BTC daily chart isn’t just showing a short-term bounce. The pair has reclaimed its 200-day moving average, a key indicator of medium- to long-term strength.
Ethereum also gained another key ally—its Relative Strength Index (RSI) just broke out of a three-year downtrend. According to ETH advocate Ted Pillows, this breakout suggests a major structural change. He also flagged a potential golden cross formation, a sign that buyers may dominate in the coming weeks.
Analysts See $4K in the Short Term—$18K in the Long Run?
Technical experts are already eyeing ETH’s next target: $4,000. According to trader Daan Crypto, Ethereum has entered the upper half of an 18-month cycle range, positioning it for further growth. He summarized:
“$ETH has moved into the upper half of its massive cycle range. $2.8K and $4K are the only levels you’ll be needing. Everything else is noise.”
But some projections go even further.
Fractal Patterns Hint at 1,110% Rally
A bold fractal analysis by Merlijn The Trader compares Ethereum’s current cycle to Bitcoin’s historic 2018–2021 bull run. The analysis suggests that ETH may have already entered a vertical phase of growth. If the pattern holds, the altcoin could rally 1,110% from its April low, potentially hitting $18,205.
According to the model, Ether’s 63% correction and 342% rebound mirror Bitcoin’s past trajectory. While fractals remain speculative and aren’t foolproof, the bullish parallels are exciting for long-term holders.
What’s Next for Ethereum?
Between technical breakouts, capital inflows, and bullish sentiment, Ethereum appears poised for more gains. Its strong performance versus Bitcoin and recent structural breakouts suggest the beginning of a broader altcoin resurgence.
As ETH climbs higher, the question isn’t just whether it will reach $4,000—but how far it could ultimately go.
Stay tuned to Maple Wire for the latest crypto updates and insights.
