Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Blockchain»Breakout Above $2,800 Could Ignite Altseason
    Blockchain

    Breakout Above $2,800 Could Ignite Altseason

    FintechFetchBy FintechFetchJuly 10, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ethereum surged over 5% yesterday, pushing past the key $2,700 level and signaling renewed strength across the altcoin market. After weeks of sideways action and uncertainty, this move marks a small but significant breakout, reigniting bullish sentiment among investors and traders. The breakout comes as Bitcoin continues to consolidate below its all-time highs, allowing ETH and other altcoins to take the lead.

    Related Reading

    Market participants are closely watching Ethereum’s price action, as its movements often set the tone for the broader altcoin space. Top analyst Ted Pillows shared a technical view highlighting that ETH is once again trading at the top of its recent range. A breakout above this level could confirm the beginning of a larger expansion phase for altcoins.

    With bullish momentum building and Ethereum holding strong above reclaimed support levels, traders are becoming increasingly confident that the altcoin market may be on the verge of a broader breakout. However, key resistance still lies ahead, and the next few days will be crucial in determining whether Ethereum has the strength to continue higher and lead a new leg up in the crypto cycle.

    Ethereum Trades at Range Highs: Breakout Looms

    Ethereum has spent the past several weeks consolidating in a well-defined range between approximately $2,400 and $2,800, a structure that began forming in early May. Despite short-term volatility, ETH has held key support levels, suggesting that bulls remain in control. Now, with price action pushing toward the upper boundary of the range once again, the market is watching closely to see whether Ethereum can break through resistance and initiate a sustained rally.

    The broader macroeconomic backdrop has shifted in favor of risk assets. In the US, strong labor market data and wage growth have helped ease concerns of an economic slowdown. Meanwhile, the resolution of several global geopolitical tensions has reduced uncertainty, allowing markets to stabilize. This supportive environment could give Ethereum the fuel it needs to attempt a breakout.

    Ted Pillows recently highlighted that Ethereum is now trading at the range highs again — a level that has repeatedly capped price advances in recent months. According to Pillow, a confirmed breakout above the $2,800 resistance would likely trigger renewed momentum for ETH and potentially spark a broader move across the altcoin market.

    Ethereum testing range highs | Source: Ted Pillows on X

    Related Reading

    $2,800 Resistance Now In Sight

    Ethereum is showing renewed strength as it breaks out of a multi-week consolidation range, with the latest 12-hour candle closing above $2,760. The price action has decisively reclaimed the $2,700 level and is now testing the critical $2,800 resistance zone. This breakout is supported by a clear surge in volume, confirming bullish momentum.

    ETH testing pivotal supply level | Source: ETHUSDT chart on TradingView
    ETH testing pivotal supply level | Source: ETHUSDT chart on TradingView

    The 50, 100, and 200-period moving averages are all trending upwards and currently sit well below the current price, a strong technical sign of sustained momentum. ETH has moved above all three key SMAs, confirming that bulls are in control in the short to medium term. Notably, this is the highest ETH has traded since early June, and the candle structure resembles a classic continuation breakout setup.

    Related Reading

    A successful daily close above $2,800 would open the door for an expansion toward the $3,000 level and potentially higher if momentum holds. However, the key now lies in whether buyers can sustain this move without immediate rejection at resistance. If ETH can hold above $2,700 and build support, the breakout could serve as a launchpad for altcoins, especially as Ethereum often leads broader market moves.

    Featured image from Dall-E, chart from TradingView



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleReal-Time Payments Demand Real-Time Fees, Says RS2 Whitepaper
    Next Article Rolls-Royce shares are close to reaching £10. Is it too late to buy?
    FintechFetch
    • Website

    Related Posts

    Blockchain

    If Dogecoin Loses This Level, Expect A Major Crash: Analyst Warns

    August 1, 2025
    Blockchain

    Tether Q2 Net Profit Hits $4.9 Billion, Pushing Total Earnings To $5.7 Billion

    August 1, 2025
    Blockchain

    Pump.Fun (PUMP) Soars 30% From Lows Amid Token Buybacks

    August 1, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Bitcoin Price Reacts to Reports That Musk Will Leave Trump’s Inner Circle

    April 2, 2025

    Buying 1,000 Aviva shares generates an income of…

    June 16, 2025

    This FTSE 100 share is surging right now! So why won’t I touch it with a bargepole?

    June 18, 2025

    This FTSE small-cap stock could rise 61%, according to experts

    April 23, 2025

    Check out the latest easyJet share price and dividend forecasts. Time to consider buying?

    July 6, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Trading Reimagined: KlasFX Upgrades User Experience With Investor-First Approach

    March 19, 2025

    Bitcoin Demand is Drying Up, What Does This Mean? (CryptoQuant)

    June 23, 2025

    7 Steps to Building a Smart, High-Performing Team

    March 2, 2025
    Our Picks

    If Dogecoin Loses This Level, Expect A Major Crash: Analyst Warns

    August 1, 2025

    Establishing “Expected Behavior”: Using Median, Standard Deviation and Avg to Detect Suspicious Txns: By Joseph Ibitola

    August 1, 2025

    Sunil Mascarenhas Appointed CEO of SDAX

    August 1, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.