Technical indicators present mixed signals, with short-term bullish momentum clashing with longer-term market uncertainty. Institutional activity and macroeconomic conditions remain key drivers, influencing sentiment as bulls push for six figures while bears anticipate a pullback.
Ethereum (ETH) is trading above $2,750, with expectations of fluctuating between $2,600 and $2,900, possibly testing $3,000. While much chatter has been about a so-called “ETH rollback,” it just refers to the upcoming Pectra upgrade, not an actual chain rollback. If successfully implemented, this upgrade could strengthen ETH’s market position. While ETH’s trajectory is closely tied to BTC’s movements, speculation around an altcoin season and evolving regulatory clarity may provide additional upside momentum.
Ryan Lee, Chief Analyst at Bitget Research
