<ul data-eligibleForWebStory="false"><li>Ethereum is trading above the $2,500 level, showing strength despite recent volatility in the crypto market with ETH stuck in a consolidation range between $2,400 and $2,700.</li><li>Top analyst Carl Runefelt emphasizes the importance of a breakout above $2,700 for Ethereum to avoid remaining range-bound and move towards higher levels.</li><li>Altcoins, including Ethereum, have started to show signs of recovery, with ETH doubling in price since April, potentially leading a broader market uptrend.</li><li>Ethereum faces key resistance near $2,700-$2,800, with a breakout essential for further bullish momentum while failure could lead to a potential pullback, affecting the broader altcoin market.</li></ul>

Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

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