Ethereum faces critical resistance as Bitcoin eyes $90,000

Ethereum (ETH) is consolidating just above $1,500, while Bitcoin (BTC) approaches $90,000. Crypto analyst Ali Martinez suggested on X that Ethereum could start a new bull run if it breaches the $2,330 resistance level. Ethereum has been trading between $1,500 and $1,650 for the past week. Market expert TedPillows noted that Ethereum has broken out of a downtrend for the first time since February 2025. If ETH holds above $1,600, it could rally towards $2,000 by April. Conversely, Crypto Fella warned that failure to break resistance could result in a drop towards $1,200. Bitcoin's surge above $87,000 indicates investors are seeking refuge in decentralized assets. Youwei Yang from BIT Mining noted Bitcoin's behavior as a safe haven asset. Currently, ETH is trading at $1,584, with weekly losses exceeding 3%. The altcoin is still down nearly 70% from its all-time high.