Ethereum Holds Firm Against Bitcoin as Analyst Eyes Next Major Move and $3,500 Upside

ETH holds key support against Bitcoin, with short-term strength and a setup that may lead to a larger rally later in the cycle.

Ethereum has been on an impressive run versus Bitcoin, holding its ground against the OG crypto in the current market atmosphere. When measured against the firstborn coin, the ETH price action has remained relatively stable. Market analyst CrediBULL Crypto believes current conditions still favor Ethereum even in the broader cycle. 

Analyst Sees Ethereum Building Base for Next Major Move Against Bitcoin

According to the analyst, Ethereum’s price movement points to short-term strength, followed by a reset that could usher in the next leg higher. In a Saturday post, the analyst said the ETH/BTC pair is holding above a major high-timeframe demand zone. Usually, market participants monitor such areas for signs of long-term trend shifts.

Price action near that area indicates Ethereum has not entered a sustained weak phase against Bitcoin. According to CrediBULL, there is still room for ETH to push higher into overhead supply before facing a meaningful pullback.

However, the market commentator cautioned that short-term strength does not translate to a straight path upward. At higher levels, the asset may face price rejections. And in such cases, ETH could enter another phase of underperformance versus the OG crypto.

Even then, Ethereum’s overall market setup is fundamentally healthy. CrediBULL explained that such moves do not indicate a trend failure. According to him, it would reflect a normal cycle of advance, pullback, and base building. 

Several technical factors stand out on the ETH/BTC chart:

• ETH trades above a long-term demand area that has held during prior corrections.
• Near-term price may test an unfilled supply zone, setting fresh local highs.
• A rejection from that area could send ETH back toward a key support “green zone.”
• That support zone may act as a launch point for the next impulsive rally.

Bitcoin Stability Could Open Door for ETH Rally Toward $3,500

In a YouTube session, CrediBULL compared the current setup to ETH’s strong relative run during mid-last year. During that period, ETH sharply outperformed Bitcoin after forming a clear base. The analyst noted that a similar pattern could unfold again if a similar scenario plays out.

“We saw this impulsive move on Ethereum Bitcoin, and I think the next one will start off of this green zone,” he stated.

ETH/USD remains locked inside a wide trading range that has contained the price since 2021. Recent downside movement swept below local lows, entering what CrediBULL describes as a deviation area between roughly $1,400 and $2,100. Historically, such trends often precede a recovery back toward range highs rather than a full breakdown.

As per the market commentator, Bitcoin’s behavior plays a major role in how Ethereum develops from here. For instance, Ethereum could see favorable conditions for a rebound, assuming Bitcoin stabilizes near its high-frame support. 

Additionally, Bitcoin consolidating near $85,000 could still allow Ethereum to rally toward the $3,400–$3,500 area. A stronger Bitcoin move into the $90,000–$100,000 range could push ETH even higher, though such strength may later fade.

Even through a broader lens, Ethereum remains in a multi-year consolidation rather than in a completed cycle. Recent declines do not invalidate a larger five-wave structure, in CrediBULL’s view. He maintained that price moving deeper into support zones would still fit within that framework.

CrediBULL maintains a highly bullish stance for the remainder of the cycle. In fact, he projects Ethereum to exceed $10,000 before the cycle ends. Although near-term volatility is likely, the expert believes the coin is positioned for a breakout once consolidation resolves.

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