Ethereum (ETH) Poised to Lead Altcoin Surge? Check out the latest ETH/BTC chart!

Updated

June 5, 2025

Gambar Ethereum (ETH) Poised to Lead Altcoin Surge? Check out the latest ETH/BTC chart!

Jakarta, Pintu News –Amid continued market uncertainty, Ethereum showed impressive resilience by holding above critical levels. While Bitcoin struggles to break its previous record highs, Ethereum (ETH) remains stable and maintains a bullish structure fueling hopes for a broader altcoin rally.

Market analysts are now setting their sights on Ethereum (ETH) as a potential leader for the anticipated altcoin season, especially if it manages to cross the key supply zone.

Ethereum (ETH) Consolidation Against Bitcoin (BTC): Key to Altseason Predictions

Ethereum (ETH) is currently trading in a critical range, with investors keeping a close eye on a possible breakout. This breakout is expected to take Ethereum (ETH) to new highs and possibly trigger the long-awaited altseason.

Despite global tensions and continued macroeconomic uncertainty, especially regarding the aggressive and volatile bond market, Ethereum (ETH) continues to show relative strength. The current consolidation is seen by bulls as a healthy pause before resuming the next leg up. This belief is supported by a market structure that still shows bullish potential, although there are some obstacles to overcome.

Also Read: Shocking Prediction of Long-Term Analysis by Javon Marks: XRP Price Could Hit $21?

Ethereum (ETH) Faces Hurdles, Bulls Poised for Breakout

Currently, Ethereum (ETH) is trading around $2,640, showing signs of strength after successfully holding above the $2,500 mark. On the daily chart, Ethereum (ETH) is forming a clear consolidation pattern just below the key resistance zone marked by the 200-day moving average (currently at $2,676).

This level has repeatedly been the upper limit of price action over the past few weeks, signaling strong supply pressure in the area. The bulls are trying hard to break through this resistance, which if successful, could validate bullish predictions and pave the way for more significant gains. Success in breaking through will be crucial to determine the short-term direction of Ethereum (ETH) in the market.

Conclusion

With Ethereum (ETH) continuing to show resilience and the potential to lead the altcoin market, investors and analysts alike are eagerly awaiting the next development. Whether Ethereum (ETH) will manage to break through and trigger the long-awaited altseason, only time will tell. However, one thing is for sure, the dynamic between Ethereum (ETH) and Bitcoin (BTC) will continue to be a major focus in the cryptocurrency market.

Also Read: Is Dogecoin (DOGE) Due for a Decline? Descending Triangle Pattern Indicates This

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