Ethereum has gained over 55% since early May, riding the wave of market strength and renewed investor confidence, but still lags behind Bitcoin's pace and 2021 highs.
The critical resistance levels for Ethereum are around $2,600-$2,800, with $2,400 acting as solid support. Ethereum's performance is key as Bitcoin leads the market.
ETH is preparing for a breakout as altcoins gain momentum in the crypto market. However, it needs to decisively break above $2,800 to lead the altcoin rally and confirm bullish continuation.
Ethereum is currently trading around $2,668, showing signs of renewed strength and possible breakout from the $2,400-$2,600 range. Breaking above $2,700 could signal a move toward higher resistance levels.