Saad Ullah
⬤ Ethereum (ETH) is showing clear weakness compared to Bitcoin, struggling to build any real momentum. Recent price action has been disappointing, with each bounce looking corrective rather than the start of something bigger. The daily chart tells the story - ETH keeps falling back to a major demand area after failing to push higher.
⬤ Right now, ETH is trading around $2,950 after getting rejected multiple times from resistance between $3,200 and $3,400. Every attempt to break higher gets sold into, pushing price back down toward support without any real follow-through. Buyers just can't seem to hold control when it matters.
⬤ The current structure is basically a range. ETH is stuck between overhead resistance and a demand zone sitting between roughly $2,700 and $2,900. There's no panic selling happening, but there's also no strength. It's just consolidation - not the kind of price action you'd expect from a market leader.
⬤ This matters because when Ethereum doesn't lead, the rest of the altcoin market usually stays quiet too. These repeated rejections at resistance explain why alts feel heavy right now. If ETH can finally show some real strength and break through, it could shift the entire market dynamic. Until that happens, Ethereum's weak structure is holding back broader crypto momentum.
Saad Ullah
