Ethereum appears ready to enter a strong outperformance cycle against Bitcoin this year. Based on technical analysis using Fibonacci ratios, here's what the price action might look like:
The ETH/BTC pair has several key targets in sight. A 50% retracement level aligns with ETH around $5,766, offering an initial resistance zone. Moving higher, the 0.618 Fibonacci level comes in at approximately $6,658, which historically acts as a significant pivot point. For the full 100% retracement scenario, ETH could target $9,547.
While both Bitcoin and Ethereum are showing strength in this cycle, Ethereum's technical setup suggests potential for accelerated gains. The proximity of these Fibonacci levels creates a clear roadmap for tracking the altcoin's momentum relative to BTC dominance shifts. Traders watching this pair should monitor these resistance points closely as market conditions evolve.
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SolidityNewbie
· 4h ago
Here comes the Fibonacci sequence again. The number $9547 sounds outrageous, but ETH really seems eager to make a move this time.
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JustHereForMemes
· 5h ago
Is it the same Fibonacci sequence again? Will it work this time?
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ser_aped.eth
· 5h ago
Coming back to the Fibonacci thing again? Why does the number 9547 look so familiar... It's always like this, isn't it?
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LayerZeroEnjoyer
· 5h ago
Another Fibonacci prophecy? The nice way to put it is technical analysis; the harsh way is drawing lines... But the number 9547 actually looks pretty interesting.
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GasFeeCrybaby
· 5h ago
It's Fibonacci again... Always the same spiel. Does anyone really believe it? Haha
Ethereum appears ready to enter a strong outperformance cycle against Bitcoin this year. Based on technical analysis using Fibonacci ratios, here's what the price action might look like:
The ETH/BTC pair has several key targets in sight. A 50% retracement level aligns with ETH around $5,766, offering an initial resistance zone. Moving higher, the 0.618 Fibonacci level comes in at approximately $6,658, which historically acts as a significant pivot point. For the full 100% retracement scenario, ETH could target $9,547.
While both Bitcoin and Ethereum are showing strength in this cycle, Ethereum's technical setup suggests potential for accelerated gains. The proximity of these Fibonacci levels creates a clear roadmap for tracking the altcoin's momentum relative to BTC dominance shifts. Traders watching this pair should monitor these resistance points closely as market conditions evolve.