Ethereum Breaks Key Resistance: Are Altcoins About to Rally?

Yigit Taha OZTURK — Thu, 10 Jul 2025 12:30:54 +0000

After a period of silence in the crypto markets, excitement is building once again — and this time, all eyes are on Ethereum. With the recent breakout from a tight price range, altcoin investors are beginning to feel a renewed sense of optimism.

Expectations had been high, but the market needed a spark. That spark arrived yesterday evening, as ETH decisively broke through a key resistance zone and followed it up with a strong bullish candle.

Resistance Broken, Market Awakens

In our previous analysis, we highlighted the 2,697$ – 2,633$ range as a major resistance area. Ethereum not only tested this zone but broke through it with conviction. What followed was a clear bullish momentum, suggesting buyers have regained control.

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There was anticipation that the price could move directly to 2,880$, and ETH indeed made a swift move toward 2,840$ before encountering some mild resistance. The slight pullback that followed may simply be a healthy correction in the context of a larger uptrend.

ETH/USDT pair 4-hour chart.

Sideways Movement Could Benefit Altcoins

Currently, ETH is consolidating near the 2,800$ level. If this sideways action continues, it could open the door for capital rotation into altcoins. As attention briefly shifts away from Ethereum, we may see fresh momentum in the broader market.

Over the next few days, the key factor to watch will be whether ETH continues to move sideways or sets up for another breakout — either direction could be pivotal for the market’s next phase.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Breaks Key Resistance: Are Altcoins About to Rally? appeared first on Coin Engineer.

Ethereum Nears Critical Level: Deeper Correction Ahead?

Yigit Taha OZTURK — Mon, 19 May 2025 15:30:43 +0000

Weeks that start quietly in the crypto market often resemble the calm before the storm. While investors hold their breath, technical signals on charts begin to hint at what might come next. This time, all eyes are on Ethereum.

Rejection From FVG Zone Raises Concerns

Recently, ETH faced a clear rejection from a downward Fair Value Gap (FVG) zone — a key technical level that has historically influenced price direction. Now, the coin is trying to hold above the 2,394$ – 2,265$ support band. A decisive break below this zone could trigger a stronger wave of selling.

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Analysts warn that if this support is lost, ETH may drop to around 2,100$.

ETH/USDT pair 4-hour chart.

Altcoin Long Traders Should Be Cautious

This setup doesn’t just affect Ethereum but casts a shadow over the broader altcoin market as well. Traders opening leveraged long positions should proceed with caution. Sudden wicks and liquidity hunts could result in unexpected losses.

Monitoring not just technical indicators but also market sentiment and volume trends will be key in navigating this phase. Investors are advised to apply strict stop-loss strategies to manage risk effectively in the short term.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.