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Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question

  • Ethereum retraces over 10% from local high of $2,730 as market cools off, sparking debate among analysts and traders.
  • ETH/BTC pair facing resistance near 0.026 BTC level with split sentiment on potential for further uptrend or deeper correction.
  • Ethereum maintaining support above $2,400 crucial for bulls to sustain bullish momentum amidst volatility and increased uncertainty.
  • ETH currently trading at $2,485 after failing to break $2,700, with focus on holding above $2,400 to prevent potential larger correction.

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