Ethereum has shown stability above $2,400 despite volatility, with analysts anticipating a potential breakout or correction based on market sentiments.
Long-term holders of Ethereum are accumulating during the June consolidation, indicating strong buying pressure and supporting the cryptocurrency's price.
ETH is struggling to surpass $2,500 resistance levels, trading within a range of $2,200 to $2,800, as market awaits a decisive move for a potential altcoin rally.
While Ethereum faces resistance around $2,500 and shows signs of bullish momentum, indecision is reflected in volume, with potential for a breakout or a retest of support at $2,200.