Crypto News

Ethereum's Struggle to Break Resistance Levels Despite its dominance in the decentralized finance (DeFi) space and its growing adoption by major companies, Ethereum's price has been struggling to break key resistance levels. The cryptocurrency has been unable to surpass the $2,500 mark, which has become a crucial resistance level in recent weeks. This has led to frustration among investors and traders, who were expecting a bullish run for Ethereum. Bitcoin's Influence on Ethereum's Price As the largest and most dominant cryptocurrency, Bitcoin's movements often have a significant impact on the rest of the market. This includes Ethereum, which tends to follow Bitcoin's price patterns closely. Recently, as Bitcoin faced a series of corrections and dips, Ethereum also experienced similar trends, causing its price to stagnate. The Role of Institutional Investment in Ethereum's Future Despite the current sluggishness in Ethereum's price, many ana...