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Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout

  • Ethereum continues to hold strong above critical levels amidst market volatility, fueling hopes for a broader altcoin rally. Analysts are eyeing a potential altseason, with ETH expected to lead the charge upon breaking major supply zones.
  • The ETHBTC pair consolidation between 0.022 and 0.026 is crucial for altcoin momentum. Analyst Daan suggests a breakout above 0.026 could trigger a powerful rally in ALT/BTC pairs, benefiting sectors closely tied to Ethereum.
  • Ethereum's performance relative to Bitcoin is a key indicator for capital rotation within the crypto market. A breakout in ETHBTC could lead to new highs and ignite the long-awaited altseason, despite global tensions and macroeconomic uncertainty.
  • Ethereum faces resistance around $2,676, with the 200-day moving average capping price action. ETH maintains a bullish structure with higher lows and volume support. A breakout above $2,700 could pave the way for a broader rally towards $3,000.

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