Ethereum Consolidates Above $2,500 While BTC Leads the Charge – Key Levels To Watch 📈
Ethereum is experiencing renewed momentum as optimism returns to the crypto market, consolidating above $2,500. While Bitcoin surges past its all-time highs, Ethereum is testing key resistance levels, gaining over 55% since May. However, ETH still trails behind Bitcoin's pace and hasn't reclaimed its 2021 highs yet.
Key analyst Daan notes that Ethereum has been trading within the $2,400–$2,600 range, indicating indecision. While Bitcoin continues to lead the market, ETH's performance remains muted but constructive for bullish prospects. The $2,400 level is solid support while $2,800 is key resistance.
With Bitcoin at a new all-time high above $111K, the market seems poised for another altcoin phase. ETH remains in a critical position, holding above support but needing a breakout above $2,700 and $2,850 to confirm a bullish continuation. Failure could lead to a broader pullback.
Ethereum is showing strength, trading around $2,668 and hinting at a breakout. Key technical indicators support a bullish outlook, but ETH needs to breakout above $2,700 to signal further gains and a possible rally to $3,000.
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