According to Michaël van de Poppe (@CryptoMichNL), Ethereum (ETH) briefly broke above the $2,700 resistance but quickly retreated, signaling that $2,700 is not the critical level for traders to watch (source: Twitter, May 30, 2025). The analysis emphasizes that significant liquidity is concentrated above the $2,850 mark, making it the decisive breakout level. The ongoing consolidation suggests ETH is building momentum for a potential major move. Traders should closely monitor price action near $2,850, as a sustained break above this level could trigger increased volatility and impact broader crypto market sentiment.

According to Crypto Rover, Ethereum's recent price pattern is exhibiting similarities to Bitcoin's 2021 bull run, suggesting a strong bullish momentum for ETH traders. The chart shared by Crypto Rover highlights key breakout levels and increased trading volume, which historically preceded significant upward moves in major cryptocurrencies. Traders should monitor resistance near previous all-time highs and watch for institutional inflow signals, as these were critical in Bitcoin's parabolic rally in 2021 (source: Crypto Rover on Twitter, May 6, 2025). This evolving pattern could impact the broader crypto market, influencing altcoin performance and overall market sentiment.