Ether Smashes Through Critical Resistance Levels—Bull Run Confirmed?
Ethereum's native token just punched through multiple psychological barriers, sending crypto traders scrambling for leverage positions. The move comes amid surging DeFi activity and institutional ETH accumulation—though skeptics whisper about 'the usual pre-halving pump.'
Technical breakout or trap? On-chain metrics show whales accumulating while retail FOMO builds. Meanwhile, Bitcoin maximalists grumble about 'flippening' chatter reigniting.
One Wall Street analyst quipped: 'At least crypto bulls have something to cheer about after that disastrous SEC settlement—though we all know this volatility cuts both ways.' The ETH/BTC ratio now tests its 200-day moving average as the smart contract wars heat up.
Altcoins and Ethereum (ETH)
After 165 days, the price of ETH soared past the $3,200 barrier. The $3,050 mark was crucial before aiming for $3,500. With current momentum propelling towards this resistance level, investors find renewed motivation. While BTC’s trajectory requires substantial gain to reach $250,000, ETH remains significantly below its all-time high. Enthusiasts increasingly regard investing in Ether as an attractive opportunity.
Ethereum
$3,195’s last encounter with these levels occurred during a decline in early February, falling 22% short of the peak around the November elections. Progression towards $4,100, with the potential breach of this threshold, WOULD push prices to reexplore the true ATH zone of $5,000.
Such developments present a significant event for all altcoins, with ETH’s price rise likely triggering a shift from BTC to other digital currencies amidst a softening Bitcoin
$118,648 Dominance (BTCD). While some foresee a limited ETH upswing, targeting 2-3x gains, investors may shift focus towards low market cap assets promising 5-10x returns.
In the ETHBTC pair, bulls reached the 0.027 threshold after 140 days, securing 51% gains. These impressive returns against BTC suggest the potential testing of the 0.02957 and 0.03262 zones.
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