Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?
Ethereum remains above $2,500, demonstrating resilience amid a broader crypto market pullback. Despite recent volatility, ETH trades within a bullish structure, suggesting potential for a market rally. Analysts note Ethereum is down 10% from local highs but up nearly 50% this month, indicating an ongoing uptrend. A decisive move above $2,700 could validate bullish sentiments and catalyze momentum in the altcoin market. Ethereum has shown strength despite macroeconomic uncertainties, maintaining higher lows and signaling accumulation. On-chain and institutional signals indicate sustained demand, with ETF inflows increasing and firms raising over $1 billion to acquire ETH. Breaking the $2,700–$2,850 resistance zone could lead to a significant rally, positioning Ethereum as a leader in an anticipated altseason.
