<ul data-eligibleForWebStory="true"><li>Ethereum is showing signs of renewed strength, trading well above its April lows as analysts eye a potential breakout.</li><li>Analysts believe Ethereum's historical pattern of retesting its lower channel could signal an explosive rally, similar to past market cycles.</li><li>Despite facing resistance at the $2,500 levels, Ethereum's price action is being closely watched for a breakout that could lead the broader altcoin market.</li><li>ETH is consolidating around $2,400, with key support at $2,200 and potential upside momentum if it breaks above $2,550.</li></ul>

Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic

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