Ethereum, the second-largest cryptocurrency, has been closely mirroring Bitcoin's movements. Since March 2024, it has found itself trapped in a downward channel, continuously fighting to break free but getting rejected by resistance levels.
Currently, the price of Ethereum is at $2,430, raising questions about its ability to stabilize and overcome these barriers. Analysts are keenly watching to see if it will ascend or slump below the significant $2,116 mark.
This price behavior suggests uncertainty in Ethereum's market direction, urging investors to stay cautious.
