Ethereum is shown strength by remaining above the $2,500 barrier even while the larger cryptocurrency market experiences a sound decline.
ETH is still trading in a bullish structure despite recent volatility, which feeds speculation that it might lead the market's next wave of growth.
Ethereum's price behavior is being eagerly monitored by analysts, who are hoping for a breakout that might signal the start of the expected altseason.
Ted Pillows, a leading analyst, provided important insights, pointing out that Ethereum is only 10% lower than its local highs.
