menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Bitcoin News

>

Ethereum F...
source image

Newsbtc

2w

read

47

img
dot

Image Credit: Newsbtc

Ethereum Fakes Out Bears – Altcoin Rally Depends On Key Level Breakout

  • Ethereum has reclaimed the critical $2,444 resistance level after a sharp recovery, signaling bullish sentiment and potential for an altcoin rally.
  • Top analyst M-log1 notes that ETH's price action has shaken out weak hands, paving the way for a move towards $2,600–$2,800 range.
  • Ethereum's performance is crucial for the broader market direction, with a breakout likely to trigger an altseason, but the macroeconomic backdrop remains fragile.
  • ETH is now testing key resistance levels around $2,500–$2,800, with the potential for a trend reversal and a run towards March highs near $3,200 if bulls can maintain pressure.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app