Could Ethereum Surge Past $7,400 if Bitcoin Reaches $120K?

Ethereum is demonstrating strength against Bitcoin, with the ETH/BTC pair surging above 0.025. This upward movement coincides with a potential breakout on the RSI indicator, signaling a bullish shift for Ethereum. Analysts predict this momentum could lead to an ETH price surge towards $7,400 if Bitcoin reaches $120,000. The technical setup suggests that a successful crossover of the RSI and EMA on the monthly chart, coupled with sustained volume levels between 0.019 and 0.025, could indicate a significant shift in market dynamics for Ethereum.