ETH Faces Resistance, Altseason or Breakout Looms as Market Analyzes Key Chart Signals

Ethereum’s price has recently reached resistance at its long-term channel, prompting analysis from market experts on potential shifts in the crypto landscape. The Relative Strength Index (RSI) has breached 80, a level last seen in early 2021, and this has led to two possible scenarios: either Ethereum is rejected at resistance, triggering a move into altcoins, or the market will experience a breakout that further solidifies Ethereum’s dominance as a primary liquidity magnet.