Ethereum’s price action continues to draw attention as it consolidates near a key range, and analysts at MakroVision believe a significant breakout may be on the horizon.
After bouncing off the $2,400 support level for a second time, Ethereum has settled into a sideways movement just below a previously established resistance zone.
While the current pattern shows a lack of momentum, MakroVision interprets it as a healthy consolidation phase following the recent uptrend.
The firm emphasized that Ethereum’s technical structure still appears constructive. As long as the $2,400 level holds, short-term bullish sentiment remains intact. A dip below that support could shift market dynamics, although the real risk level sits closer to $2,132.
Key resistance lies between $2,820 and $2,880, which previously marked a local lower high. According to the analysis, a confirmed breakout above this range could trigger a new bullish wave, potentially sending ETH toward $3,275.
While the market remains indecisive in the short term, MakroVision suggests that Ethereum is approaching a critical juncture. A strong move in either direction could shape the next phase of price discovery.
Stellar (XLM) is once again approaching a decisive technical moment after facing a familiar rejection at the $0.52 resistance zone.
The crypto market is showing signs of cautious optimism. While prices remain elevated, sentiment indicators and trading activity suggest investors are stepping back to reassess risks rather than diving in further.
A wave of bullish momentum is sweeping through smaller-cap altcoins, with ResearchCoin (RSC), Electroneum (ETN), and REI Network (REI) all recording substantial 24-hour gains.
XRP is drawing fresh investor attention as optimism builds around its legal standing and potential exchange-traded products (ETPs).