Kraken Liquidity Builds as Bitcoin Consolidates and Ethereum Tests Key Resistance

Bitcoin’s price is currently in a consolidation phase after a significant rally to $105,000, while ethereum takes center stage by testing the $2,750 resistance level. The market is pausing following Bitcoin’s 5% surge past the psychological $102,500 mark. A newly formed bullish trend line at $103,650 indicates underlying strength, and Kraken’s order book reveals substantial liquidity accumulating around the $105,000 level, signaling potential for further upward movement.

Bitcoin Price In Pause Mode While ETH Powers Higher — What’s Next?

Bitcoin’s price action shows consolidation after a sharp rally to $105,000, with Ethereum stealing the spotlight as it tests $2,750 resistance. The market appears to be catching its breath after BTC’s 5% surge past the $102,500 psychological level.

A newly formed bullish trend line at $103,650 suggests underlying strength remains. Kraken’s order book shows substantial liquidity building around the $105,000 level — a clean break could trigger algorithmic buying across derivatives platforms.

Meanwhile, Ethereum’s relative outperformance continues as the ETH/BTC ratio climbs. The second-largest cryptocurrency appears to be benefiting from rotation plays as traders take profits on Bitcoin’s recent run-up.

Ethereum Price Pops Above $2,700 as Rally Gains Traction

Ethereum extended its bullish momentum, clearing the $2,700 resistance level before undergoing a minor correction. The second-largest cryptocurrency now eyes the $2,575 support zone as a potential springboard for further gains.

The breakout follows a decisive move above a bearish trend line at $2,450 on ETH/USD hourly charts, with Kraken data showing sustained trading above both the $2,620 level and the 100-hour moving average. Market observers note the outperformance against Bitcoin during this leg up.