Ethereum Rockets Past Resistance as Bitcoin Eyes $100K—Traders Brace for Volatility

ETH surges 18% in a week as institutional money floods DeFi—meanwhile, BTC consolidates at all-time highs while Wall Street ’experts’ scramble to justify their 2023 bear calls.

Gas fees spike as NFT degens return—just in time for another ’once-in-a-lifetime’ crypto opportunity (heard that before?).

The real winner? Retail traders who ignored the SEC’s ’protective’ guidance and loaded up during the 2024 dip.

Ethereum (ETH)

All eyes are on Ethereum$2,591, as it should be. According to Binance TR data, the largest altcoin by market cap is trading at $2,596. Ethereum’s rapid rise, especially in the ETHBTC pairing, has been fundamental to the recent altcoin surge. Observing the ETH chart remains crucial as a reversal here could result in quicker losses for altcoins.

Crypto Fella wrote in today’s analysis that ethereum is about to embark on one of its most disliked rallies. He suggests awareness, noting that the time to act is running out while many might stay on the sidelines due to fear.

Nic commented that: “ETH is at a critical level. It was just rejected at the 200-day Moving Average of $2,700. Will this remain as resistance, or will we definitively break upwards?”

This is indeed the right question. If closings above $2,700 persist, it could trigger a larger upward leg towards $3,600, boosting the excitement for other altcoins.

Bitcoin and Dogecoin

Trader Tardigrade anticipates a significant lead move, stating Dogecoin$0.232459‘s RSI MA is ready to peak. With major assets like DOGE, SOL, and ETH on rapid upward trends, Bitcoin$103,430‘s market dominance could be pressured, allowing its downtrend to continue. The analyst predicts that Doge price could surpass $0.65 faster than expected.

Roman Trading, known for cautious assessments, is also speaking optimistically.

“Consolidation = continuation of the trend. If we continue here, we expect further rises. Yes, my macro views suggest the BTC bull is nearing its end, but there’s still some room for short-term upward movement. Breaking the $108k resistance could make $120k possible.”