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Ethereum Price Prediction: Can ETH Reach $ 4000, Outperform Bitcoin This Year 2022?

Ethereum trading has slowed, and experts predict that it will mark an imminent rally. If successful, the value of Ethereum can shoot up to over $ 4,000. The overall performance of ETH shows strong potential that can outperform the Bitcoin price.

Two of the largest cryptocurrencies by market capitalization are Bitcoin and Ethereum. These two traditionally also have the most stable markets in the industry. Experts are studying the 2021 performance to predict the next big trend to hit the market.

Ethereum price prediction: ETH prepares for a rally

At the time of writing, Ethereum is trading at $ 3,446.84, down 9.58 percent in the past 24 hours. Its values ​​are falling and resemble a “falling wedge” market chart per Crypto Potato.

Note that Ethereum’s main levels of support are from $ 3,300 to $ 3,600 and the main levels of resistance are from $ 3,800 to $ 4,000. Traders should be careful when the ETH value approaches one of these numbers.

Crypto Potato experts admit that there is “nothing impressive” with ongoing trades. However, they believe that ETH is preparing for a big step. This in-depth spike could go either way, for a bullish or bearish trade. Note that the change is expected to be made before the end of the week.

Crypto Potato stressed that strong momentum is required to break resistance levels. If the ETH trades lag behind the indicators, then investor profits will be minimal on this incoming surge. However, if it breaks through resistance levels, ETH could be on its way to making new highs.

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Bitcoin price drops below $ 45,000

In contrast to Ethereum’s success, Bitcoin is struggling to maintain its dominance. At the time of writing, it is trading at $ 43,205.55, down 6.9 percent in the last 24 hours.

Bitcoin suffered a critical blow when the US Federal Reserve announced a possible rate hike this March, according to CoinDesk. Some traders expected this development, but it still had a negative impact on the market.

That said, experts are confident that Bitcoin will stabilize between $ 40,000 and $ 50,000. This means that traders should be careful if the value of BTC falls outside of these indicators.

It’s worth noting that many altcoins have reportedly outperformed the market in the past few weeks rather than falling along with Bitcoin’s declining trades. Some of these cryptocurrencies are LINK, ICP, FTM and ETH. The surprising results suggest that traders may shift their interest to other markets.

CoinDesk pointed out that Ethereum is about 50 percent away from adopting Bitcoin as the largest cryptocurrency by market cap. Ethereum is also gaining ground over Bitcoin on other metrics such as Google search interest, number of transactions, and active address.

Experts suspect that potential opportunities in Ethereum could ultimately outperform Bitcoin. This is due to Ethereum’s unique projects with decentralized funding (DeFi), smart contracts and non-fungible tokens (NFT).

Be warned, however, that these price predictions are purely expert speculation and the details are subject to change. Concerned traders should wait and see if the market follows these interesting predictions or takes a completely different path.

Related article: Ethereum Price Prediction: Crypto Expert Sees Massive Boom For ETH To Beat Bitcoin

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