#BitcoinBouncesBack ETH is shooting higher after BTC: +4.66% in 24 hours — is altcoin season close?🚀

While Bitcoin holds above $66,500, Ethereum shows an even more impressive surge. At the time of analysis, ETH/USDT is trading at $1,799.82, up +4.66% over 24 hours—nearly 3 times as strong as the first cryptocurrency’s rise. It looks like institutional money, coming amid falling oil prices and a soft signal from the Bank of Japan, is starting to flow into altcoins.

📊 Technical analysis of the chart

· Bollinger Bands (20,2):
The price has firmly settled above the middle line (MB = $1,782.08)—a classic bullish signal. The upper band (UB) is at $2,084.88, leaving potential for growth of nearly 16% to the next strong resistance. The lower band (LB = $1,479.27) acts as further support.
· MACD (12,26,9):
The histogram is positive (24.32), and DIF (-94.31) crossed above DEA (-118.63) from below—this is a “golden cross” on the zero line. Momentum is building, confirming a trend shift from bearish to bullish.
· KDJ (9,3,3):
The J line has rocketed to 99.55, while K (72.94) and D (59.65) are still far from overbought. This points to strong momentum, but warns of short-term overbought conditions—consolidation or a small pullback may occur in the coming hours.
· RSI:
RSI(6) = 65.78—approaching the 70 zone but not critical. RSI(12) = 47.88 and RSI(24) = 41.81 show that on longer timeframes, room for growth remains.

🔑 Key levels:

· Resistance: the nearest is $1,849.41 (today’s high). If we break through, the next level is at $2,084 (Bollinger UB).
· Support: $1,782 (MB) and $1,599 (SAR)—if a correction happens, these zones should hold the price.

🌍 Macro context:
Today’s positive setup for ETH rests on three whales:

1. Falling oil prices reduce inflation expectations.
2. The Bank of Japan has made it clear there won’t be a sharp rate hike—liquidity remains available.
3. The Fed is still taking a pause, but markets have already priced in a tough scenario—any hints of a “dovish” turn by the Fed could boost growth.

💡 Conclusion:
Technically and fundamentally, Ethereum looks stronger than Bitcoin in the short term. If BTC holds above $66,000, ETH could test $1,850 today, and under favorable conditions—even $2,000 in the next few days. However, don’t forget about KDJ being overheated—local pullbacks may occur to collect liquidity.

Have you already entered ETH, or are you waiting for a correction? Share in the comments! 👇