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Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum

  • Despite facing intense selling pressure and struggling to regain the $2,800 mark, Ethereum must hold the $2,600 level to sustain its momentum and prevent a broader market sell-off.
  • Analysts believe that Ethereum's inability to break through key resistance levels and its relative weakness compared to Bitcoin suggest the possibility of further downside risks for altcoins.
  • Top crypto analyst Ali Martinez warns that altseason could be canceled if Ethereum fails to hold the crucial support level of $2,600, triggering a broader sell-off in altcoins.
  • In the short-term, bulls need to defend the $2,600 level to confirm a sustainable rally, while bears remain in control as long as Ethereum stays below $2,800.

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