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Ethereum is showing signs of renewed strength as it continues to trade above the $2,700 level, reaching as high as $2,790 in recent hours. The price action has energized the market, with many analysts now calling for a major breakout that could not only lift ETH further but also trigger the long-awaited altseason.
While Bitcoin has led the rally for most of the year, Ethereum appears to be catching up. According to top analyst Daan, the ETH spot premium remains firm, signaling sustained demand even in the absence of ETF-level inflows. “It doesn’t have as many ETF inflows as BTC does,” Daan noted.
This relative strength, combined with growing optimism around altcoins, is fueling speculation that Ethereum could soon test—and possibly break—critical resistance levels. With sentiment turning bullish across the market and ETH gaining momentum, all eyes are now on whether it can push past key resistance and lead the charge into a broader altcoin breakout. The coming days could prove pivotal as Ethereum sets the tone for the next phase of crypto market expansion.
Ethereum Tests Critical Resistance As It Faces A Pivotal Moment
Ethereum is now confronting what many analysts consider the most important resistance level of the current cycle. The zone between $2,700 and $2,800 has become the battleground for ETH’s next major move. A successful breakout could trigger a run toward all-time highs, while rejection may lead to a healthy—but deeper—retracement.
Global macro conditions are adding weight to this moment. Rising U.S. Treasury yields and persistent inflation continue to rattle traditional markets, increasing systemic stress. Yet, in this uncertain environment, Ethereum and Bitcoin have shown resilience, suggesting that investors are increasingly viewing them as alternatives or hedges against traditional financial risks.
Daan shared insights reinforcing this bullish outlook. According to his analysis, the ETH spot premium remains firm despite lacking the ETF-driven inflows seen with Bitcoin. ETH doesn’t require as much inflow relative to its market cap to sustain bullish momentum.
However, the $2,800 level remains a significant barrier. It represents a key inflection point for Ethereum’s price action and overall market sentiment. The coming days are crucial, as Ethereum’s ability to either break above or get rejected at this resistance could shape the altcoin market’s direction for the rest of the quarter.
ETH Price Analysis: Testing Key Liquidity Levels
Ethereum is currently trading at $2,731 on the 4-hour chart, showing strong bullish momentum as it tests the key $2,800 resistance level. After weeks of consolidation between $2,500 and $2,700, ETH has broken out with conviction, riding higher moving averages and increased volume. The 34 EMA at $2,622 and the 50 SMA at $2,598 continue to act as dynamic support, confirming the strength of the uptrend.
This breakout attempt follows a long period of compression, where ETH built a base of higher lows. Price has now surged to challenge a major resistance zone that has historically capped upward momentum. If bulls manage to flip this level into support, it could open the door to a sharp move toward $3,000 and higher.
Volume has picked up on the most recent push, a positive sign that buyers are stepping in with more confidence. Still, traders should watch closely for potential rejection or profit-taking at this key zone. If Ethereum fails to break and hold above $2,800, a short-term pullback toward the 34 EMA could follow.
Featured image from Dall-E, chart from TradingView
Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian’s goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian’s passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.
Sebastian’s journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.
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