Ethereum Consolidates Above $2,500 While BTC Leads the Charge – Key Levels To Watch
Ethereum is experiencing renewed interest as the crypto market shows optimism, with Bitcoin surpassing its all-time highs. ETH has increased over 55% since early May but has not yet reclaimed its 2021 highs. Currently, Ethereum is trading between $2,400 and $2,600, indicating indecision among buyers. The $2,400 level serves as solid support, while resistance at $2,800 is the next target for a potential breakout. Despite Bitcoin's leadership, Ethereum's performance has been more subdued, leading to discussions among traders about its ability to catch up. The $2,500 zone is well-defended by bulls, but a decisive breakout above $2,850 is necessary for bullish momentum. Conversely, a drop below $2,100 could lead to a broader pullback. Overall, Ethereum remains range-bound but is positioned for potential upward movement as market sentiment improves.
