Ethereum Matches Bitcoin In Annual Gains Amid Bullish Market Trends
Ethereum Market Update
Ethereum is drawing attention after regaining the $4,400 level, indicating potential bullish momentum. Investors are observing whether ETH can break through to test yearly highs.
- ETH's current price: $4,483
- Bounced from sub-$4,000 levels, now above 50-day and 100-day moving averages
- Next resistance zone: $4,500–$4,600
- Immediate support at $4,300; psychological support at $4,000
Market Risks and Analyst Insights
- Concerns about declining liquidity and profit-taking by large holders
- Axel Adler notes ETH has nearly matched Bitcoin in annual performance
- Both BTC and ETH have surged over 90% in the past year
- Bitcoin leads market momentum with ETFs and institutional interest
Adler suggests that ETH's recovery reflects strengthening fundamentals and growing adoption, especially in DeFi and tokenization. Both BTC and ETH are seen as part of a broader bullish cycle, potentially leading to new all-time highs.