Ethereum Lags Behind Bitcoin as Key Resistance Holds, Says MakroVision
In its latest market analysis, crypto research firm MakroVision highlighted Ethereum’s continued underperformance relative to Bitcoin, underscoring that ETH remains under pressure due to its inability to break through critical resistance levels.
Despite rallying from lows around $1,400 in recent weeks, Ethereum has yet to reclaim the key $2,130 level, which analysts consider the first strong bullish trigger. The asset continues to trade below a dominant downtrend line, indicating that bearish sentiment remains in control for now.
MakroVision notes that the $1,730 level is acting as a short-term support, but without new upward momentum, downside risks persist. Should ETH lose this support, the next major level to watch is $1,545, a critical zone that could determine whether a deeper correction unfolds.
The firm also pointed out that while Bitcoin has recently challenged important resistance areas, Ethereum’s relative weakness may weigh on broader market sentiment. A confirmed breakout above $2,130 would be required to spark renewed optimism and signal a potential trend reversal. Until then, analysts believe Ethereum remains in “standby mode,” with traders showing increased caution.
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