Ether has outperformed Bitcoin this week, reclaiming $3,000 with the ETH/BTC pair breaking above its 200-day moving average. Fractal analysis suggests ETH could surge to $18,205, with a near-term target of $4,000. Capital rotation from Bitcoin could be driving Ether’s upward momentum as BTC profit-taking may redirect funds to altcoins, especially ETH.

The ETH/BTC pair has seen a bullish break of structure on the one-day chart, signaling a trend reversal and reclaiming a position above its 200-day moving average. The relative strength index (RSI) for ETH/BTC weekly has broken a three-year downtrend, indicating a potential structural trend change. A golden cross is also looming.

Fractal analysis by Merlijn The Trader suggests that Ether could rally 1,110% this cycle, following a trajectory similar to Bitcoin’s 2018-2021 market cycle and potentially reaching $18,205. The analysis highlights a pattern of correction followed by a recovery rally, mirroring Bitcoin’s historical behavior. This speculative analysis continues to fuel optimism among bullish ETH supporters.

Analyst Daan Crypto sees the immediate target for ETH at $4,000 after entering the upper half of an 18-month cycle range. The trader mentioned, “$2.8K & $4K are the only levels you’ll be needing on the higher timeframe. Anything else is noise in my opinion.” The technical approach supports the bullish sentiment surrounding Ether’s price movement.

Read more at Cointelegraph: ETH Fractal Eyes $18K as Bullish Breakout Accelerates