Popular market analyst with X username Daan Crypto has provided an important insight into the Ethereum market, stating the altcoin finds itself in a delicate price situation. Notably, Ethereum (ETH) prices crossed above $2,800, a critical resistance level, before briefly touching the $3,000 zone. During this period, the second-largest cryptocurrency registered market gains of 16.77% to produce a remarkable price performance.
Bulls Eye $4,000 As Long-Term Range Breakout Holds
In an X post on July 12, Daan Crypto explains that $2,800 has acted as a long-standing resistance capping Ethereum price action on both sides over the past two years. Following recent bullish fortune, the prominent altcoin decisively broke through this price barrier, signaling intent for further price gains.
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However, the price retracement from $3,000
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