ETHEREUM JUST BROKE ABOVE $2,400
Ethereum is finally showing signs of strength.
After weeks of sideways consolidation between roughly $1,850 and $1,950, ETH has broken out and pushed through the $2,400 level.
This move puts Ethereum back into focus as Bitcoin continues leading the market higher.
Key levels to watch:
$2,400 is now the level ETH needs to hold as support.
A sustained move above this area opens the door towards $2,500 and potentially higher resistance around $2,700.
The bigger picture:
ETH has been lagging behind Bitcoin for much of this rally, but momentum is starting to shift.
With Bitcoin breaking higher, ETF demand returning, and Ethereum reclaiming important levels, a rotation back into large-cap altcoins could become a major theme.
Watching ETH closely from here.
$ETH
Ethereum is finally showing signs of strength.
After weeks of sideways consolidation between roughly $1,850 and $1,950, ETH has broken out and pushed through the $2,400 level.
This move puts Ethereum back into focus as Bitcoin continues leading the market higher.
Key levels to watch:
$2,400 is now the level ETH needs to hold as support.
A sustained move above this area opens the door towards $2,500 and potentially higher resistance around $2,700.
The bigger picture:
ETH has been lagging behind Bitcoin for much of this rally, but momentum is starting to shift.
With Bitcoin breaking higher, ETF demand returning, and Ethereum reclaiming important levels, a rotation back into large-cap altcoins could become a major theme.
Watching ETH closely from here.
$ETH
