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📊 $ETH at a Crossroads: $2,700 Resistance Holds the Key 🚀📉

Ethereum is showing resilience, trading at $2,574.70 (+2.2%) but remains stuck in a $2,400–$2,700 range since May. Analyst Carl Runefelt warns of a rising wedge pattern, signaling potential downside if ETH fails to break $2,700 soon. A breakout above this level could spark a rally toward $3,000, while a rejection might pull ETH back to $2,400 or lower.

Despite macro risks like rising Treasury yields, ETH’s strength above the 50-day ($2,226) and 100-day ($2,644) SMAs suggests bullish momentum. However, the 200-day SMA at $2,791 looms as a major hurdle. Volume is steady, but indecision persists—will bulls push through or face exhaustion?

Ethereum’s next move could set the tone for the entire altcoin market. Breakout or breakdown? Watch $2,700 closely! 👀