The daily chart of Ethereum indicates a price increase amid market uncertainty

Ethereum continues to demonstrate strength, holding above key support levels and outperforming most of the cryptocurrency market despite rising macroeconomic uncertainty.

Since reaching a low in April, the price of ETH has more than doubled, gaining over 100%, and shows no signs of slowing down. While many assets have faced strong selling pressure amid global market volatility, Ethereum remains resilient, showing steady buying interest and maintaining an upward trend.

Lead analyst Carl Runefelt holds an optimistic view, noting that the price of Ethereum remains stable on the daily timeframe. According to Runefelt, if Bitcoin starts to move in a sideways trend, Ethereum may take the opportunity to break out of the current consolidation triangle and lead the next phase of market growth.