Ethereum is trading above $2,500 despite a slight pullback from its recent high above $2,700.
Analysts note that Ethereum's momentum appears more subdued compared to Bitcoin's recent surge, leading to questions about its current position in the market.
Retail interest in Ethereum has been low, signaling that the rally may still be in its early stages and potential upside remains unpriced by the market.
Technical analysts are optimistic about Ethereum, with key resistance turned into support and indications of a move towards $3,000 if Ethereum holds above the $2,400 level.