$ETH

1) The bullish cycle in the ETH/USD pair: What are the theoretical price targets highlighted by technical analysis of the financial markets?

The current bullish trend in the ETH/USD pair began in the summer of 2022, with prices rebounding from their all-time high in the previous cycle, which peaked at $1150 in January 2018. A bullish reversal chart pattern developed between July and November 2022, before the rise began shortly after the FTX collapse.

A well-structured bullish trend then occurred until March 2024, with a medium peak at $4,000, a resistance that produced a downward rejection effect three times. The price of Ethereum against the US dollar finally rose again above the key support level at $1150/1350 and seems to have now resumed a bullish trend in line with the price of Bitcoin.

2) Ethereum vs Bitcoin: A significant catch-up may be underway

The question investors are now asking is whether Ethereum is in a position to outperform Bitcoin in the coming weeks. To answer this question, we need to look at both the fundamental and technical aspects.

On the fundamental side, the recent update “Pectra” significantly improves the operation of the Ethereum blockchain, particularly by reducing transaction costs. This update may be the factor

that invalidates the view #TradeStation