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Has Ethereum’s bullish breakout hit a roadblock at the supply zone?
Ethereum breached the $2.7k-$2.8k resistance, but there may be solid argument for a bearish reversal
The cryptocurrency market has witnessed some extraordinary movements over the past few days, with Ethereum [ETH] hitting a new milestone in staking recently. In fact, figures for the same have now surpassed the previous high set in November 2024. Furthermore, anticipation of Spot ETH staking ETFs in the coming weeks could make for exciting news for investors as well.
However, it seems like ETH’s bullish breakout has hit a roadblock at the supply zone. Traders are now left wondering if this upward trend will continue or reverse directions.
Source: ambcrypto.com
