The recent rally in the crypto market, sparked by Bitcoin's new all-time high, has created a positive sentiment among traders. This shift in market sentiment drew traders' attention towards Ethereum, which initially showed promising outperforming signs compared to other altcoins.
Despite this initial performance, Ethereum has been under scrutiny as it hasn't reached anticipated higher levels. Analysts are speculating that Ethereum may experience a significant upward trend if it can consistently break above established resistance levels.
There's an air of anticipation around whether Ethereum can achieve this breakout, and if so, what kind of market movements will follow. The crypto community is keeping a close watch on these developments as they unfold.
