Ethereum Approaches Key $3,000 Breakout as Analysts Predict End of Sideways Action
- Ethereum surged to $2,700 after a 6.3% daily price jump.
- The cryptocurrency has increased over 50% in the past month and about 98% from April lows.
- ETH recorded a three-month high of $2,738 two weeks ago but has since traded sideways.
- Analysts suggest Ethereum could target between $2,900 and $3,350 if it breaks the current resistance level.
- Ethereum dominance is showing signs of holding the ~9% support level, indicating potential bullish performance in June.
Ethereum’s recent surge to $2,700 marks significant growth from April’s lows, with analysts forecasting a potential breakout towards the $3,400 mark if current resistance levels are surpassed.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-ready-for-3000-breakout-analysts-say-sideways-action-is-about-to-end/?rand=52377
