<ul><li>Ethereum has shown resilience by staying above $2,500 amidst market volatility, with $2,800 being the key resistance level for a bullish breakout.</li><li>Analyst Carl Runefelt sees a bullish pennant on the ETH/BTC chart, hinting at a potential parabolic move that could lead the altcoin market.</li><li>ETH is consolidating below the 200-day SMA at $2,663, with $2,430 acting as crucial support. A breakout above $2,800 could signal further upside.</li><li>Consolidation and low volume indicate an imminent breakout, with Ethereum's next move potentially influencing the market direction.</li></ul>

Ethereum Prepares For A Parabolic Move – ETH/BTC Chart Signals Strong Bullish Setup

Discover more