Ethereum is struggling to break past the $2,500 mark amidst bearish momentum in the crypto market, raising concerns of a deeper correction.
Analysts have mixed views on Ethereum's future, with some predicting a potential breakout to $10,000 while others emphasize the importance of accumulating during market weakness.
Despite short-term uncertainty, long-term supporters are optimistic about Ethereum's prospects, citing rising institutional interest and ecosystem maturity as positive factors.
Technical analysis shows Ethereum testing crucial support at $2,500, with resistance at $2,700 and indicators suggesting a potential breakout if bulls step in with volume.