Ethereum Lags Behind Bitcoin as Key Resistance Holds, Says MakroVision
ETH
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BTC
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Despite rallying from lows around $1,400 in recent weeks, Ethereum has yet to reclaim the key $2,130 level, which analysts consider the first strong bullish trigger. The asset continues to trade below a dominant downtrend line, indicating that bearish sentiment remains in control for now.
MakroVision notes that the $1,730 level is acting as a short-term support, but without new upward momentum, downside risks persist. Should ETH lose this support, the next major level to watch is $1,545, a critical zone that could determine whether a deeper correction unfolds.
The firm also pointed out that while Bitcoin has recently challenged important resistance areas, Ethereum’s relative weakness may weigh on broader market sentiment. A confirmed breakout above $2,130 would be required to spark renewed optimism and signal a potential trend reversal. Until then, analysts believe Ethereum remains in “standby mode,” with traders showing increased caution.
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