Ethereum has shown resilience above $2,500 amidst market volatility and a significant drop in value since December 2024.
The rebound in Ethereum addresses in profit from 32% in April to nearly 60% now indicates a potential recovery path for the altcoin.
Analysts are closely monitoring Ethereum's price action to confirm a breakout above key resistance levels for a potential altcoin rally.
Current price movement suggests that Ethereum may rally towards $3,000 if it maintains support above $2,600, with a potential shift in the market trend.