Ethereum Price Breaks $2,700 for First Time in Weeks, Altcoin Rally Ahead?

Key Points

1. Ethereum's price jumped to $2,795.14, outperforming Bitcoin (2.2%), XRP (4%), BNB (1.1%), Solana (3.0%), Dogecoin (5.2%), and Cardano (4.5%).

2. Analysts highlight the next 72 hours as critical for determining if altcoins will outperform Bitcoin, potentially signaling the start of an altseason.

3. Institutional interest in Ethereum is rising, with CME Ether Futures Open Interest at $3.27 billion (highest since February 2) and spot ETH ETFs seeing positive inflows for eight consecutive weeks.

4. Technical indicators show strong buying momentum (RSI at 66.71), with Ethereum trading above its 50-day, 100-day, and 200-day moving averages and key resistance levels flipped into support.

5. Experts warn that failure to hold above $2,750 could lead to a pullback toward $2,375 or a sideways trend, while the next major resistance zone lies between $3,000 and $3,300.