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Ethereum is trading above $2,500 but faces strong resistance near $2,600, a critical level that could determine its next move. Analysts warn of a potential short-term correction if ETH fails to break through with strong volume. Market sentiment remains cautiously optimistic as traders watch for a decisive breakout or breakdown.
- Ethereum faces strong resistance at $2,600, a critical level that could dictate its near-term price direction.
- Analyst Carl Runefelt warns of a rising wedge pattern, signaling potential downside toward $2,200 if bullish momentum fades.
- A breakout above $2,700 could trigger an altcoin rally, while failure to hold $2,500 may invite further downside pressure.
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