Ethereum’s position near $2,634 may trigger an altcoin rally if it breaks above 3,000.
HBAR, SOL, and SUI posted significant gains despite Bitcoin’s sideways action.
ONDO and LINK are showing mixed trends with declining momentum but stable support zones.
Ethereum (ETH) is currently trading around $2,634, according to the latest one-month chart from CoinMarketCap. While this is below the previously watched $3,800 threshold, ETH has still managed to hold above key short-term support zones. And now, analysts note that a close above $3,000 and eventual movement toward $4,000 could spark broader altcoin rallies.
And although ETH hasn’t quite reclaimed its 20-week EMA (Exponential Moving Average) yet, clear signs of capital rotation are starting to pop up across major altcoins. Historically, an altseason often follows when ETH begins to outperform Bitcoin and holds key resistance levels — a trend traders are now watching closely.
HBAR, SOL, SUI Post Strong Gains
Several altcoins, including Hedera (HBAR), Solana (SOL), and Sui (SUI), have shown notable strength in recent weeks, even as Bitcoin remains range-bound. HBAR jumped over 23% in a single day, …
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