Apr 29, 2025
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Ethereum Consolidates Above $1,800 While Eyeing Breakout Against Bitcoin
Ethereum is trading above $1,800 but struggles to break the $2,000 resistance level after recent volatility. Analysts observe potential for a decisive market move as global macroeconomic tensions persist.
- Analyst Daan highlights that ETH is consolidating against Bitcoin (BTC), with key resistance around 0.02 BTC.
- A breakout above this level could reduce Bitcoin dominance and increase investor interest in altcoins.
- If ETH fails to hold the 0.0185 BTC level, it may confirm an ongoing downtrend.
- ETH is currently at $1,830, having consolidated between $1,850 and $1,750.
- Bulls need to reclaim the $2,100–$2,000 zone for a sustainable recovery rally.
- Failure to maintain the $1,800–$1,750 range could lead to a correction towards $1,600 or $1,500.
