Ethereum Recovery Gains Strength: Massive Comeback Above Key Support 🚀
Ethereum's price has rebounded above $2,500 following an impressive rally that’s shifted market sentiment. After months of selling pressure, ETH surged 80% in less than a month, raising optimism for a potential altcoin recovery. Analysts caution that Ethereum still faces key resistance zones.
The breakout is crucial, as ETH's movement often signals capital rotation into altcoins. The price action in the coming days could determine the entire altcoin sector's course, especially since Ethereum is currently testing crucial supply ranges.
ETH's ascent from below $1,800 to just above $2,500 reflects a vertical breakout noted for strong bullish momentum. Analysts like Jelle emphasize completing a full recovery requires consolidating above resistance zones. Overall, Ethereum's current trajectory is being watched closely for altseason signals.
Source: www.newsbtc.com ↗
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