$ETH
ETH Gaining Momentum: Is the Breakout Coming?
Ethereum (ETH) is heating up as it pushes against a key resistance level, gaining strength in major trading pairs like ETH/BTC and ETH/USDT. After a steady accumulation phase, ETH is showing solid momentum, hinting at a potential breakout that could set the tone for altcoins across the board.
The ETH/BTC pair is especially noteworthy—Ethereum is beginning to outperform Bitcoin on shorter timeframes, signaling that the market may be rotating into altcoins. Meanwhile, ETH/USDT is holding above crucial support zones, with higher lows forming on the daily chart—an early bullish sign.
On-chain data also shows a drop in exchange supply, suggesting holders are positioning for a move up. Add in rising staking activity and renewed interest in Ethereum-based Layer 2 projects, and you've got a cocktail for potential price expansion.
If ETH can break resistance with volume, a rally toward $4K isn’t out of the question. But as always, keep an eye on Bitcoin's behavior and overall market sentiment before jumping in.
ETH is waking up. Are you ready?
