Altcoins Show Signs of Recovery Amid Cautious Crypto Market

The cryptocurrency market has been experiencing a period of caution, but some altcoins are showing signs of recovering from recent losses.

Ethereum (ETH) has shown resilience after falling to its late February lows. It formed a stronger base through March and April, supported by rising trend lines and key support zones around $1,900 and $2,045.

With ETH trading above $2,300, it now faces major resistance near $2,370, which also represents an important Fibonacci resistance area. If buying pressure remains strong and volume increases, Ethereum could extend gains toward $2,680 and potentially $2,915.