Ethereum has performed strongly recently and is challenging the significant resistance range of $2800-2900.
Market sentiment is leaning towards optimism, although a price pullback may occur in the short term, the medium-term trend remains bullish.
If Ethereum fails to break through this resistance range, a pullback may happen; however, if it can hold above, it is likely to create new highs.
Comprehensive analysis of the current market dynamics indicates a high probability of breaking the resistance level. Investors should closely monitor this critical moment, as it may signal an important turning point for Ethereum's future direction. Regardless of the outcome, it will be a significant indicator for the cryptocurrency market, and all participants should remain vigilant.
