Ethereum Breaks Out Against Bitcoin, One Last Chance at $2

Ethereum (ETH) is testing its resistance level against Bitcoin (BTC), potentially setting the stage for a significant breakout. Chart analysis indicates this move is tied to the 100-EMA which acts as a key indicator of ETH’s mid-term momentum. Following a recent attempt at a breakout, ETH currently sits at $2.27. A successful breakthrough over this zone could pave the way for further upside, while a dip below could signal a return to support levels around $2 or lower.