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.