Ethereum merges above $2,500, while BTC leads – Key levels worth paying attention

With the optimism returning to the cryptocurrency market, Ethereum is gaining momentum. As Bitcoin officially enters price discovery and surpasses its all-time high, attention is turning to ETH, which is testing key resistance levels. Ethereum has risen more than 55% since early May, occupying a wider market strength and strengthening investor confidence. However, despite the impressive recovery, ETH still lags behind Bitcoin’s pace and has not yet recovered its 2021 high.

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Top analyst Daan shared a technical view that highlights that Ethereum has been cutting the region at $2,400-$2,600 since the explosive move earlier this month. This limited price action signal is hesitant as buyers remain active but have not triggered a breakthrough yet. Daan pointed out that although Bitcoin showed strong leadership with its push to reach a new high, Ethereum’s performance at this stage was even more confusing.

Still, the setup is constructive for the Bulls. The $2,400 level is reliable support, while the $2,800 resistance is still the next target to be continued. As Bitcoin continues to lead, ETH could be the next surge game – if it can escape this range and follow BTC’s lead, it can go to a higher new leg. Now everyone’s eyes are on Ethereum’s next move.

Ethereum prepares for breakthroughs as altcoins enter the spotlight

With Bitcoin’s new historical height above $111,000, the wider cryptocurrency market appears to be entering a new dynamic phase that could drive huge gains across the altcoins. Among them, Ethereum is still in a critical position. Although ETH has not followed BTC’s breakthrough yet, it holds firmly on the support and shows signs of building power. To confirm the bullish continuation, ETH needs to decisively exceed resistance and lead the altcoin rally.

Daan shared a technical perspective that emphasized that ETH has been merging between $2,400 and $2,600 since the last squeeze. Despite Bitcoin’s explosive moves, Ethereum is once again behind, and this dynamic is reflected in the cooling of the ETH/BTC ratio. This poor performance has sparked debate among traders, with many waiting for ETH to catch up with the next season.

Daan stressed that the $2,500 area has already gained the Bulls’ defense, but ETH has not yet caused a convincing breakthrough. The key resistance level to watch is $2,850 – making it certain marks a technological shift to higher highs. On the other hand, if ETH falls below $2,100, it could cause a wider pullback. For now, ETH still has range but remains stable, while market sentiment is becoming more and more optimistic on the day.

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ETH test key price levels

Ethereum shows signs of re-energy on the 4-hour chart, trading around $2,668 at the time of writing. After weeks of merger in the range of $2,400-$2,600, ETH has pushed it to the upper boundary of the region, suggesting a possible breakthrough. The recent rebound of support around $2,450 is very strong, with continuous green candles and rising numbers adding to bullish momentum.

The 200-segment SMA and EMA are currently at $2,077 and $2,1,99, respectively, which are well below the current price, confirming the bullish market structure. ETH has been high on both moving averages since early May, and current price action seems to be putting pressure on decisive action.

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However, ETH must now convincingly exceed $2,700 to confirm the breakout and indicate a continued higher resistance at $2,850 and beyond. This level has been tested several times, but the seller continues to defend it. A breakthrough could trigger a quick transfer of $3,000, and failure to maintain current levels could cause ETH to return to its previous support.

Featured images from DALL-E, charts from TradingView