Ethereum Up 3%: Can It Outperform Bitcoin From Here On?

Ethereum (CRYPTO: ETH) appears to be gaining momentum against Bitcoin (CRYPTO: BTC) for the first time in over a year and traders are watching closely.

A breakout could mark the start of a broad altcoin resurgence, provided Bitcoin continues its upward trend.

What Happened: Crypto analyst Kevin shared extensive analysis in his exclusive Patreon, saying that Ethereum is showing strong signs of a long-term trend reversal.

After consolidating for nearly three years, multiple technical indicators are aligning for a breakout:

  • April’s “massive demand candle” and May’s 41% gain underscore growing buyer interest.
  • ETH is holding firm at its monthly super trend support.
  • A pending V-shaped cross on the Stochastic RSI and a coiling MACD (in formation since 2020) suggest rising momentum.
  • ETH’s RSI remains below 70, leaving room …

Full story available on Benzinga.com