📈Ethereum struggles to gain momentum as altcoins show signs of recovery.
The cryptocurrency analysis firm MakroVision has recently assessed the performance of the Ethereum (ETH) market, highlighting its ongoing weakness compared to other altcoins that have begun to recover. According to the report, Ethereum continues to form lower highs, indicating a bearish structure that still shows no clear signs of reversal.
• Comparison with Bitcoin and Solana
Despite having rebounded from its lows of $1,400, Ethereum still shows relatively weaker strength compared to assets like Bitcoin (BTC) and Solana (SOL). MakroVision emphasizes that ETH needs to surpass certain key levels to generate more significant bullish momentum⁽.
• Key levels to watch
MakroVision has identified several critical points that traders should monitor:
$1,730 – Short-term support level that must hold to avoid a greater drop.
$2,132 – Activation point for a potential bullish reversal.
$2,370 - $2,410 – Resistance zones that could challenge any upward movement.
If Ethereum manages to break above $2,132, analysts suggest it could trigger a new bullish wave. However, until this occurs, the price of ETH remains vulnerable and its price action remains cautious compared to other altcoins that have shown greater recovery.