Ethereum ETH/USD continues to trade in a sideways range, even as traders remain hopeful for more upside later in the year.

Trader Notes: Veteran trader Lucky noted that Ethereum has historically delivered strong Q2 performances, showing positive returns from 2016 to 2021, with the only exception being a slight dip in 2022.

He expects this year’s second quarter to be particularly bullish, setting the stage for significant altcoin gains.

Daan Crypto Trades highlighted that Ethereum has held firm at the $2,000–$2,100 support level despite volatility.

A higher low forming on lower timeframes suggests potential upside, but to confirm a breakout, ETH must reclaim $2,300.

In an X post on Friday, crypto chart analyst Ali Martinez pinpointed $2,460 as a major resistance level, where 10.95 million investors acquired 64.52 million ETH. B

reaking above this zone could spark a sustained bullish move.

In another post, he suggested that reclaiming $2,350 could send ETH rallying toward $3,260.

Statistics: In an X post on Friday, Martinez highlighted that whales snapped up 1.1 million ETH in the past 48 hours, raising speculation that they may have insider knowledge.

Also, IntoTheBlock data highlighted more than $500 million worth ETH withdrawn from exchanges in the current week, implying that accumulation remains strong among Ethereum traders.

Large transaction volume was down 3.9% while transactions greater than $100,000 declined from 6,458 to 5,930.  

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