Bitcoin has begun to signal a reversal by breaking through a critical threshold; this could be the start of a new bull cycle. It is showing significant strength after 200-day lows.

Historical data shows that strong performances in September and October created positive momentum in Q4. In this context, the next BTC$BTC

The bull cycle is likely to begin in a few days. So how could Ethereum perform in this process? Crypto World analyst Josh notes that Ethereum is in an uptrend, especially on the 3-day time frame. The altcoin price remains strong in the support area between $2,150 and $2,200, with another layer of support at $2,450 and $2,500. On the resistance side, the important Fibonacci level at $2,800 draws attention.

Ethereum$ETH

Is the bull run for sure? If ETH breaks above $2,800 on the 3-day chart, it could be a bullish signal. A strong push is expected in case of a breakout. The analyst had observed a divergence when the price was below $2,300; according to the Fibonacci retracement, the next key resistance is at $2,670 and the 50% retracement level is also near $2,800. In the short term, the price is facing resistance between $2,660 and $2,670, but signs of a breakout are becoming evident. A close above $2,670 in the daily candles could bring a sustained rise towards $2,800. Breaking this level could lead the altcoin to $3,000.

The price is making higher highs on the shorter time frame and the RSI is breaking out of the resistance line, which suggests that the previous bearish divergence is invalid. Overall, the altcoin’s bullish trend remains strong.