Ethereum Consolidation Continues – Charts Signal Potential Breakout

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Ethereum Consolidation Continues – Charts Signal Potential Breakout - NewsBTC

Quick Summary:

Despite a few notable surges, ETH has yet to achieve the breakout investors eagerly anticipate. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed The prolonged consolidation has frustrated some traders, but an optimistic sentiment remains among those who believe Ethereum is poised for a significant rally once it clears key supply levels.

According to Runefelt, Ethereum must push above a key resistance level to trigger a breakout and rejoin the broader market’s bullish trend.

Related Reading: Bitcoin Demand Outweighs Supply As LTH Enter Active Distribution Phase While Ethereum lags behind Bitcoin in performance, analysts remain optimistic about its potential for a breakout.