Ethereum continues to hover around the $3.1K mark.
A breakout above $3.4K resistance could ignite ETH’s next rally.
The largest crypto asset, Bitcoin (BTC), is in the spotlight in the crypto market, nearing the much-anticipated $100K threshold and setting a new all-time high of $97,862. The BTC rally has driven gains across altcoins, but Ethereum (ETH), the largest altcoin, remains an exception.
As Ethereum lags behind Bitcoin, the price has stepped into the consolidation phase. ETH price soared to $3,420 on November 12, and this level is the crucial resistance. Notably, the asset fluctuates between $3.2K and $3K.
The asset faces strong challenges in breaking through significant resistance levels that could reignite bullish sentiment. According to analysts, a breakout above the crucial resistance could initiate a new upward phase for ETH.
ETH has a modest gain of 0.58% over the past 24 hours. At press time, the asset trades at $3,141, and it has dipped to a low of $3,0
We współpracy z: https://thenewscrypto.com/why-is-ethereum-eth-stalling-at-3-1k-while-bitcoin-surges/
