Breaking above $2,800 could open the door to even higher levels, aligning ETH with the broader bullish sentiment seen across the crypto market. Related Reading: Solana Struggles To Break $160 Resistance As Top Analyst Predicts A Coming Surge With the bullish sentiment continuing to build, traders and investors are watching closely, anticipating whether ETH will finally catch up to Bitcoin’s recent rally and set a course for new highs.
He believes that a successful breakout above $2,640 could push ETH to much higher levels, aligning with the market’s overall bullish trend. Related Reading: Bitcoin Whales Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation As the market strengthens, the next week will be crucial, not just for Ethereum but for the entire crypto space, as investors prepare for what could be the start of a new rally.
If the price cannot clear $2,650, a deeper retrace might occur as the market seeks support. Despite this risk, as long as Ethereum holds above the $2,500 mark, the broader bullish outlook remains intact, giving hope to investors expecting an eventual rally.
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