When Bitcoin Touches US$108 Thousand Again, Ethereum Gets Stuck Below US$2,500

Bitcoin (BTC) recently experienced a rise to the level of US$108,000 on Sunday (29/06), following the Middle East conflict between Iran and Israel that caused Bitcoin to drop to the level of US$98,242.
According to analyst Burak Kesmeci, Ethereum (ETH) is currently below US$2,500, losing the upward momentum that briefly outperformed Bitcoin in the second quarter of 2025. Ethereum is hindered by a long-term downward trend line since 2018, so to initiate a strong rally, Ethereum must break through resistance.
As information, if the main resistance level of Ethereum is at US$2,575 and it can close daily trading above this figure, the potential increase towards US$2,850 is open. However, failure to break through this resistance could trigger selling pressure again, even lowering the price to an important support zone at US$1,750.
The Ethereum MVRV indicator is at 1.16, indicating that token holders are in a moderately profitable position, but it is still not enough to drive an increase without a trend breakout. Historical trading volume shows strong interest in the US$2,100 to US$2,300 range as a key zone for determining the next movement direction.
Meanwhile, institutional accumulation continues, such as SharpLink Gaming adding Ethereum holdings worth US$14.45 million. This signifies a long-term accumulation strategy that could strengthen the foundations of the Ethereum market amid current volatility.