Ethereum is trading at $2,500, following a 9% pullback from recent highs after it failed to establish a higher high above $2,820. This retrace has sparked renewed interest among investors, with top analyst and investor Carl Runefelt sharing a technical analysis that points to a promising setup for accumulation. Runefelt highlights a bullish pattern emerging in ETH’s price action, indicating that this retracement could be a prime opportunity for long-term holders to accumulate more Ethereum before a potential rally. Related Reading: Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead The coming days will be pivotal for Ethereum as the crypto market closely watches Bitcoin’s attempt to break its all-time highs. Should BTC achieve this feat, it would confirm a new bull run, likely bringing Ethereum. The crypto community is eagerly waiting to see if Ethereum can hold its ground above $2,400 and eventually surpass resistance at $2,820, potentially setting the stage for higher gains. Ethereum’s current levels and consolidation phase suggest a decisive move could unfold soon, making it a crucial time for ETH’s trajectory i ..
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