ETH Rebounds Sharply After Sweep, Eyes Fresh Highs with BTC

Ethereum's price has rebounded sharply after completing its sweep, mirroring Bitcoin's movement and raising hopes for a fresh push toward recent highs in upcoming sessions, according to trader @CryptoMichNL. The current price of $2427.98 is nestled within the Bollinger band, with the upper resistance at $2524.49 hovering just above, while the lower support rests at $2256.1.

The bullish structure, anchored by the EMA50 at $2192.72 and the EMA200 at $1980.63, remains intact despite a MACD death cross at 88.99 and a neutral RSI reading near 67.78, suggesting that any overbought extension may retrace to the 50-EMA before continuation.

Traders are eyeing dips toward $2200 as a potential entry point for fresh Ethereum price predictions, while also keeping an eye on broader market crash risks and the impact of the AI industry on risk assets.