Ethereum Holds Above Key Support Levels Amid Market Uncertainty
Ethereum (ETH) remains robust, trading above key support levels despite macroeconomic uncertainties. Since April, ETH has risen over 100%, currently positioned around $2,616. Analysts note its potential to break out of a consolidation triangle, especially if Bitcoin stabilizes.
- ETH holds firm above $2,600 and approaches resistance at $2,650–$2,700.
- Analyst Carl Runefelt indicates ETH's strength could lead to the next altseason.
- Support at $2,300 is critical; upper target set at $3,100 if breakout occurs.
- Current trading range shows higher lows, indicating bullish momentum.
- A daily close above $2,700 may confirm a breakout towards $3,000.
- Failure to maintain $2,480 support could result in a pullback to $2,065.
