Ethereum is once again at the heart of the market’s attention, trading at a critical level after uncertainty and unstable stretches marked by rapid swings. The second-largest cryptocurrency regained the $4,400 level and showed a new bullish momentum. Investors are closely watching whether ETH can expand this recovery into a sustained breakout.
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Still, not all market voices are consistent. Momentum appears to support the bull, but some analysts have warned of the risks that could challenge Ethereum’s upward trajectory. Concerns range from declining liquidity in certain segments of the market to profit acquisition by large holders.
In addition to the discussion, top analyst Axel Adler shares insights comparing Bitcoin and Ethereum performance this year. His data reveal that both assets take different paths at their respective meetings, but ultimately refer to the same destination, the continuation of the broader bull cycle. This perspective has encouraged optimism that ETH recovery may not only be a short-term bounce but may also be part of a larger, continuing trend that coincides with Bitcoin’s strength.
Ethereum catches up to Bitcoin
L Adler highlights important developments in Ethereum’s market trajectory. Over the last quarter, Ethereum roughly matched Bitcoin in its annual performance. This is a sign of growth in the world’s second largest cryptocurrency strength.
In his latest analysis, Adler shared a chart comparing the one-year performance of BTC and ETH measured from October 2024 to today. The data reveals that both assets have skyrocketed by more than 90% over the past year, despite taking different routes and reaching similar results.
Bitcoin is responsible for the momentum of the crypto market in 2025, with a macroeconomic narrative that drives ETFs, institutional influx and demand. Meanwhile, Ethereum faced a period of unperformance earlier this year, and was overwhelmed by concerns about high volatility and liquidity. However, its recent revival narrowed the gap and demonstrated that ETH remains firmly in line with the wider bullish cycle.
Adler’s findings suggest that ETH’s current positioning is not merely a coincidence, but a reflection of fundamentals and enhanced adoption. As Ethereum continues to dominate with Defi, Stablecoin issuance and tokenization initiatives, a recovery in performance compared to Bitcoin shows increased confidence from both retail and institutional investors.
This convergence between BTC and ETH performance reinforces the view that while differing in use cases, the two assets are moving towards the same broader trend.
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ETH test for maximum resistance
Ethereum (ETH) is trading at $4,483, indicating signs of strength after regaining its $4,400 level. The 8-hour chart highlights a critical bounce from the $4,000 level last week, with buyers actively intervening to protect their $3,900 support. With this recovery, ETH is a positive technical signal that will surpass the 50- and 100-day moving averages, strengthening the short-term bullish momentum.
The next major resistance is in the $4,500-4,600 zone. This is the area that concludes repeated upward attempts since August. A clean breakout on top of this band could cause a move to previous local highs of nearly $4,800, paving the way for $5,000. On the downside, $4,300 serves as immediate support, followed by a psychological level of $4,000.
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At this recent rally, the volume is supportive and shows strong demand. However, ETH must maintain momentum above the moving average to avoid returning to the integration range. The chart structure suggests that the Bulls are regaining control, but the confirmation has a decisive close range of over $4,600.
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