A failure to hold current levels could lead to a retrace, with support likely around the $2,450 mark. Related Reading: Ethereum Could Target $3,400 Once It Breaks Above Bullish Pattern – Details Traders and investors are closely watching the price action as Ethereum’s next move will determine whether it can break free from its current uncertainty or continue to face resistance in the coming days.
Ethereum is currently trading within a bullish pattern that, if broken, could lead to a massive surge in the coming weeks. With Bitcoin leading the way and market momentum building, ETH could be poised to follow, unlocking new gains and potentially signaling the start of a powerful rally for the altcoin. Investors are closely watching for signs that Ethereum will break free from its consolidation and begin to climb, as it remains one of the most closely monitored assets in the market.
All eyes are on Ethereum as the crypto market watches closely following Bitcoin’s recent surge. Analysts and investors are now cautiously waiting for Ethereum to catch up, with some fearing that ETH’s performance in this cycle may fall short of expectations. Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs Recent price action for Ethereum has shown signs of strength, giving investors confidence that a potential breakout could be near.
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