Ethereum (ETH) Approaching Key Resistance – Can It Break Out to Lift Off Altcoins?
Date: Thu, May 22, 2025 | 06:10 AM GMT
The cryptocurrency market has staged a strong recovery in recent weeks, bouncing back from a bearish first quarter where Bitcoin (BTC) had dropped by 11%. In Q2, the momentum shifted dramatically. Bitcoin surged over 35%, smashing through its previous all-time high to reach $111,861—a new major milestone that has reignited bullish sentiment across the board today.
But for altcoin holders, the real gains may still be ahead.
While Bitcoin dominates headlines, Ethereum (ETH) is quietly building momentum of its own. Currently trading near $2,600, ETH is still down about 47% from its all-time high, but that may soon change.
Source: Coinmarketcap
Ethereum Approaches a Critical Level
According to technical analysis by popular crypto analyst Crypto Faibik , Ethereum is now testing a key resistance level that could be a launchpad for a broader altcoin rally.
Ethereum (ETH) Daily Chart/Coinsprobe (Source: Tradingview)
The chart shows ETH steadily climbing out of a falling wedge pattern—often considered a bullish reversal setup. After a strong breakout from that wedge, ETH is now hovering just below the 200-day Simple Moving Average (SMA) on the daily timeframe, currently near $2,700. This level has historically acted as a significant barrier during both uptrends and downtrends.
Faibik suggests that a clean breakout above this 200 SMA could “open the gates” for Ethereum to rally toward the $3,500–$3,600 zone. A move of that magnitude would mark nearly a 35% gain from current levels and could serve as a catalyst to spark wider gains across the altcoin market.
Altcoin Season on Standby
Despite Bitcoin’s recent run, many altcoins have lagged behind. Historically, a strong Ethereum breakout often precedes or coincides with the beginning of “altcoin season”—a period when smaller-cap cryptocurrencies begin to outperform BTC. If ETH manages to reclaim the $2,700 resistance and hold above it, we could soon see traders rotating capital into other tokens.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nexchain Raises $2.6M in Presale As the Altcoin Market Starts Pumping Again
Nexchain has emerged as a standout contender, raising $2.6 million in its crypto presale thanks to its bold integration of AI and blockchain infrastructure. The project is rapidly advancing through its presale stages, with the listing price set at $0.3, providing an expected ROI of 600% for investors who buy right nowNexchain Crypto Presale Crosses $2.6M: Features And Presale TermsWhy Nexchain Is Attracting Investor AttentionThe Final Word
Whales Flock to BTFD as Floki Profits Resurface—Best New Meme Coin to Join This Week Before 8900% Spike!The Countdown Has BegunFind Out More:
There are just 5 days left to be part of 2025’s most electric meme coin presale. May 26 is your last chance to scoop tokens before BTFD hits the open market at $0.0006 on May 27. Once Stage 16 kicks in, that bonus is gone. Forever.BTFD Coin (BTFD) – Game On, Bulls!Floki Inu (FLOKI) – The One You Regret Missing
World Sells $135M in WLD Tokens to Early Investors to Support Orb ID Expansion
Microsoft Disrupts Lumma Malware Behind Massive Crypto Wallet Thefts
Trending news
MoreCrypto prices
More
