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.