When is the end of the Ethereum rally? The answer is hidden in Bitcoin!

Ethereum is currently well over $4,000 per ETH and is in full price discovery mode. However, without an obvious resistance level, how do we know that the trending altcoin has run out of energy and the trend has reversed?

When will the Ethereum rally end? The answer is hidden in Bitcoin!

Cryptocurrency analysts and traders can predict and read asset prices and even price movements. However, it is extremely difficult, sometimes even impossible, to predict the price cycles of cryptocurrencies, especially in the crypto market.. Nowadays, the estimates are up to $ 300,000.. BTC price, on the other hand, is below $ 60 thousand and does not seem to rise much.

The main problem of Bitcoin is that money flows to another crypto, Ethereum.

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Ethereum-Bitcoin relationship

Ethereum outperforms Bitcoin in 2021. However, ETH has actually outperformed BTC since the moment it entered the cryptocurrency market.

Ethereum, like Bitcoin, is well above the old ATH peak.. It doesn’t look like it will stop in the near term.. However, if ETH follows the path of Bitcoin, we may soon see the rise stop.

Bitcoin picked up from where it fell in early 2020 and reached its former peak.. He even doubled it, then tripled it.. But then it stopped. Fib at the point where BTC also seen on the chart: 3.618. Could this point be a pause zone for Ethereum?

ETH/USD is currently at the Fib: 3 point. Target Fib: 3.272. This is the resistance zone where Bitcoin first struggled in this pond.

BTC Fib: It paused when it reached the 3.618 region, now will ETH also pause when it reaches this point? We’ll see together.

Live ETH price: $ 1,107.88

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