Ethereum is showing remarkable resilience to the recent volatility in the cryptocurrency market. While many altcoins have experienced significant declines, ETH has maintained above key support levels from $2,400 to $2,500 – indicating that technical strength and market sentiment are gradually improving.
After a tumultuous start to the year with strong price declines, analysts believe Ethereum may be preparing for a major recovery. Many experts suggest that ETH could soon regain what it has lost, especially as macroeconomic support factors and investment capital flows are turning positive.
However, not everyone agrees with this optimistic view. Some traders warn that the resistance level around $2,800 could be a major obstacle. If ETH cannot surpass this level, it is likely that the cryptocurrency will continue to move sideways or even adjust to lower support levels.
While the market is temporarily 'taking a breather,' some positive signs are gradually emerging. Analyst Pillows has indicated that capital inflows into Ethereum-related ETFs are increasing, along with a marked recovery in on-chain activity. According to him, these are important indicators that often appear before a price breakout.
Currently, Ethereum is facing a decisive phase, especially as the digital currency market in general is becoming more sensitive to global political fluctuations. The verbal conflict between Elon Musk and U.S. President Donald Trump is also increasing the level of instability, making investors more cautious.
Nevertheless, ETH remains resilient. Bitcoin is holding strong at high price levels, and some other altcoins are also showing signs of a breakout. With support from technical factors, a stable on-chain foundation, and institutional capital flows starting to return, Ethereum is in a very good position to achieve significant growth in June.
ETH is currently still in an accumulation phase, but its solid foundation along with clear signs of recovery indicate that a breakout is approaching. Ethereum's next move could shape the trend for the entire altcoin market this summer.