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Ethereum is trading above $2,500, showing resilience despite broader crypto volatility. Analysts highlight a critical $2,700 resistance level that could dictate ETH’s next major move. A breakout may fuel an altcoin rally, while failure could trigger a correction.
- Ethereum's price is range-bound between $2,400 and $2,700, with a breakout above $2,700 needed to confirm bullish momentum.
- Analyst Carl Runefelt identifies a rising wedge pattern, warning of a potential sharp correction if ETH fails to break resistance.
- Macroeconomic risks, including rising Treasury yields and inflation, could dampen crypto liquidity and altcoin speculation.
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