Ethereum (ETH) is aiming to surpass key resistance levels, with analysts anticipating a potential breakout towards the $3,000 mark if the $2,600 level holds as support.
After a notable 6.3% surge to hit $2,700, Ethereum has been consolidating near this price point, having previously reached a three-month high of $2,738.
Analysts highlight that Ethereum has outperformed Bitcoin in the second quarter, with expectations of a breakout beyond the $2,700 level and a possible rally to fill the CME GAP levels between $2,900 and $3,350.
There are bullish sentiments surrounding Ethereum dominance holding around 9%, foretelling a potentially strong performance in June, with projections indicating a long-term target of $8,000 following a breakout past $3,000.