Ethereum Surges Past Bitcoin in Bullish Rally—Crypto Markets Take Notice

ETH’s breakout performance leaves BTC in the dust as traders pivot to altcoins.

Move over, Bitcoin—Ethereum’s chart just pulled a coup. While crypto’s old guard inches forward, ETH’s price action screams momentum, flipping resistance into a springboard. Institutional money? Probably still figuring out how to short it.

Key drivers? Try DeFi’s relentless innovation and that sweet, sweet staking yield. Meanwhile, Bitcoin maximalists are too busy arguing about ’digital gold’ to notice the smart money diversifying. Classic.

One hedge fund manager we talked to (who insisted on anonymity) put it bluntly: ’Ethereum’s the new alpha play—Bitcoin’s just a macro hedge now.’ Ouch.

Bottom line: When ETH outpaces BTC, it’s not just a breakout—it’s a power shift. Whether this holds depends on whether Ethereum can dodge the regulatory shakedown looming over all crypto. Place your bets.

Ethereum Price Rallies Over 5%

Ethereum price started a fresh increase from the $2,550 support zone, beating Bitcoin. ETH price was able to recover above the $2,620 and $2,650 resistance levels.

The price even surpassed the $2,720 level. However, the bears were active NEAR the $2,785 resistance zone. The price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high.

Ethereum price is now trading near $2,720 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $2,780 level. The next key resistance is near the $2,800 level. The first major resistance is near the $2,7=840 level. A clear MOVE above the $2,840 resistance might send the price toward the $2,880 resistance.

An upside break above the $2,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,920 resistance zone or even $2,950 in the near term.

Downside Correction In ETH?

If ethereum fails to clear the $2,780 resistance, it could start a fresh decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,650 zone. It is close to the 76.4% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high.

A clear move below the $2,650 support might push the price toward the $2,610 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,700

Major Resistance Level – $2,780