Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says

Posted on by American Coins & Gold

Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Ether should rally to as high as $4,951 “with little to no resistance” after outperforming bitcoin recently and breaking through September highs, according to a report by FSInsight, a markets strategy and research firm. FSInsight notes that ether prices have moved higher “without becoming noticeably overbought” on momentum gauges. “Further relative gains for ether over bitcoin still look to continue short-term.”Read more: Ether, Bitcoin to Strengthen in Coming Weeks, FSInsight SaysThe firm’s first upside target for ether is $4,951, followed by $5,826.FSInsight expects bitcoin’s breakout to new weekly highs to lead to a retest of the October peak near $67,000.Solana…