According to crypto analyst Daan Crypto Trades, Ethereum is currently “chopping around” key resistance levels after a major move higher, while Bitcoin (BTC) continues to show strength and recently notched a new all-time high.

This disparity has caused the ETH/BTC ratio to cool off, suggesting a market rotation favoring Bitcoin over Ethereum in the short term.

Daan highlights that while the $2,500 support zone has been “defended well,” Ethereum has yet to show a strong bullish follow-through.

His chart indicates two critical levels to watch:

Above $2,850 – A breakout here could signal a resumption of the uptrend and renewed investor confidence in ETH.
Below $2,100 – A breakdown under this level could confirm a bearish reversal and open the door to further downside.

With market participants closely monitoring Ethereum’s relative weakness, these levels could define the next major move. Until then, traders are bracing for continued chop—unless buyers step in with conviction.

The post Ethereum Struggles to Break Out Amid Bitcoin’s Strength — Key Levels in Focus appeared first on Coindoo.

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Filed under: Bitcoin - @ May 22, 2025 9:06 am