Ethereum Rally Hinges on Bitcoin Maintaining $103,000 Support, Analyst Says

Ethereum's ability to sustain its recent upward momentum depends on Bitcoin holding above its 50-week moving average at approximately $103,000, according to crypto analyst Benjamin Cowen. If Bitcoin closes below this technical threshold for two consecutive weeks, it could signal the end of Ethereum's current cycle. Bitcoin currently trades at $98,653, having already slipped below the key level.