Ethereum (ETH) Price Watch: Will It Break the $2,150 Barrier?

Ethereum (ETH) is facing a tough challenge in surpassing this year’s high of around $2,150, sparking worries about a potential double-top pattern and a price reversal. In the fast-paced world of cryptocurrency, the latest info shows Ethereum trading at about $1,985, with a 3.6 percent drop over the past 24 hours.

Despite this, Ethereum remains a top choice for many altcoins moving out of their consolidations.

Ethereum Price Action Analysis

Crypto analyst Ali Charts on the X platform sees a tough spot for Ethereum between $2,000 and $2,150. This zone threatens short-term bullish hopes. Ali Charts points out a cool pattern on Ethereum’s 3-day chart—a symmetrical ascending triangle. So, traders should be ready for a possible step back in the next few days.

Despite these challenges, Ali Charts suggests a way to turn the tide. The key is for Ethereum’s price to close above $2,150 with steady 3-day candlestick support.

Also Read: Ethereum Founders Accused of Fraud and Scams: What’s the Truth?

Riding the Bullish Wave

Ethereum’s market has caught a wave of positive vibes, partly thanks to big moves like BlackRock, a $9 trillion fund manager, filing for spot exchange-traded funds (ETF) in the U.S. But there’s a twist—some Ethereum big players are cashing in on profits, even with notable unrealized losses.

Ethereum’s journey to break through resistance is on everyone’s radar. With uncertainties in the air, all eyes are on whether Ethereum can overcome challenges and shine in the cryptocurrency game.