Ethereum News Today: Ethereum Gains 4.01% Pressing 0.02680 Resistance Against Bitcoin

Ethereum/Bitcoin (ETHBTC) is currently trading at 0.02617, having risen 4.01 percent in the latest daily session. The pair is now pressing into the 0.02680 resistance level for the fourth time, indicating a strong upward momentum. This resistance level has been a critical point for the ETHBTC pair, with each test resulting in a slight retreat before resuming its upward trajectory. The current price action suggests that the ETHBTC pair is in a consolidation phase, with buyers and sellers battling for control.

Ethereum has formed a rounded base pattern with support near 0.02180 and 0.02250 since late May. This setup developed above the 100-day moving average at 0.02243 and held through two clean retests. Each rejection led to stronger recoveries, showing control remains with buyers. The pair has bounced from the 0.01960 low in May and moved past 0.02515 with strong upward pressure. Price has reached the 0.02680 resistance three times since June, gaining momentum with every retest. This horizontal level now stands as the final barrier before a potential breakout move.

If Ethereum clears the 0.02680 mark on a daily close, the structure supports a breakout target near 0.03400. The move would complete the rounded base and shift dominance toward Ethereum through August. The current daily candle shows fresh intent as the pair retests resistance with conviction. This setup mirrors past breakout phases that followed extended accumulation ranges. Ethereum has reclaimed lost ground while maintaining clean technical levels.

The dominance chart favors Ethereum as long as it holds above the 0.02600 zone. If momentum continues, the price could move rapidly once the resistance breaks. The market structure remains aligned with a move toward 0.03400 if buyers hold control. Ethereum’s current positioning reflects renewed strength while Bitcoin lags in this pair. Holding above both trend anchors has shifted short-term sentiment in Ethereum’s favor. If the breakout confirms, this level could serve as the launchpad for the next leg up.

Ethereum holds trend strength with higher lows while reclaiming ground lost earlier this year against Bitcoin. The pair is now trading above the 100-day moving average, keeping momentum strong and structure intact. The 0.03400 level is a significant resistance level for the ETHBTC pair, and a breakout above this level could lead to a sustained bullish trend. This level has been identified as a key resistance level by technical analysts, and a successful breakout could attract more buyers to the market, driving the price higher.