Ethereum (ETH) has been consolidating in the $2,400 to $2,600 range following its explosive surge earlier this month, but momentum appears to be fading compared to Bitcoin’s recent performance.
According to crypto analyst Daan Crypto Trades, Ethereum is currently “chopping around” key resistance levels after a major move higher, while Bitcoin (BTC) continues to show strength and recently notched a new all-time high.
This disparity has caused the ETH/BTC ratio to cool off, suggesting a market rotation favoring Bitcoin over Ethereum in the short term.
Daan highlights that while the $2,500 support zone has been “defended well,” Ethereum has yet to show a strong bullish follow-through.
His chart indicates two critical levels to watch:
- Above $2,850 – A breakout here could signal a resumption of the uptrend and renewed investor confidence in ETH.
- Below $2,100 – A breakdown under this level could confirm a bearish reversal and open the door to further downside.
With market participants closely monitoring Ethereum’s relative weakness, these levels could define the next major move. Until then, traders are bracing for continued chop—unless buyers step in with conviction.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-struggles-to-break-out-amid-bitcoins-strength-key-levels-in-focus/