#MastercardStablecoinCards Despite recent price volatility, analysts are optimistic about Ethereum’s upward potential if support levels hold. According to data from Coinglass, derivatives market activity remains strong with trading volume rising by 25% and open interest increasing by 4.52%.

Analyst Rose Premium stated, “If ETH holds the previous breakout zone as support, a continuation towards $3,000+ becomes highly probable.” However, Ethereum’s dominance relative to other coins is facing resistance below its 200-day EMA. This may lead to a short-term pullback, with key support at $2,400 and $2,100, as mentioned by DaanCrypto via X.