🔷Ethereum is showing strong resilience, holding above key support levels despite a volatile macroeconomic backdrop. Since its April low, the asset has more than doubled in value and maintains a bullish trajectory. Analysts, including Carl Runefelt, note that ETH continues to form higher lows and remains in a constructive consolidation phase.
🔷Currently, Ethereum is trading near a critical resistance level at $2,700. A successful breakout could pave the way toward $3,100 and potentially trigger a new altseason. Conversely, losing support around $2,480 may increase the risk of a pullback to $2,300.