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Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains

  • Crypto analyst Ali Martinez highlights a crucial price level of $2,600 that Ethereum (ETH) must defend to sustain hopes for an altseason.
  • ETH's ability to maintain its price level after the recent Bybit hack, where the token accounted for the bulk of the stolen funds, has been interesting to analysts.
  • Crypto trader Merlijn The Trader suggests that ETH is set to break out of a symmetrical triangle pattern, potentially signaling its biggest bull run yet.
  • While altcoins have yet to close above key resistance levels, low ETH reserves on crypto exchanges may drive up prices, offering hope for an impending altseason.

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