After weeks of sideways movement, Ethereum (ETH) is finally showing strong signs of life — breaking key resistance levels and gaining momentum in the broader crypto market.
What’s behind the ETH pump?
ETF speculation: Renewed rumors of a potential Ethereum Spot ETF approval in the U.S. are fueling investor optimism.
BTC strength: As Bitcoin continues to hold its position, ETH often follows with delayed but powerful moves.
On-chain activity rise: Ethereum gas fees have slightly increased, indicating higher usage, especially in DeFi and meme tokens.
Rotation play: Some traders are rotating profits from BTC or meme coins into ETH, expecting a second wave of upside.
What to watch next:
Resistance zone at $3,500-$3,600: A break and close above this level could open the door for a move to $4K+.
Ethereum ETF news: Any confirmed update (positive or negative) from regulators could move the market fast.
ETH/BTC pair: Watch for strength here — it often signals altseason potential.
My take:
Ethereum has lagged behind Bitcoin in recent weeks, but that may be changing. If you believe in ETH’s long-term value (smart contracts, L2s, NFTs), this might be the early stage of a bigger move.
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