Tuesday has seen a resurgence in the altcoins, and especially among the layer 1 cryptocurrencies. Ethereum ($ETH), Solana (SOL), and Sui (SUI) are leading the way. 

Huge hurdles to overcome for $ETH but tide is turning

Source: TradingView

The $ETH price (ETH/USDT) is up 3.3% on Tuesday. Is this a sign that the fortunes of the number 2 cryptocurrency by market cap are finally beginning to change?

When looking at the $ETH price in the weekly time frame, it can be seen there is a lot of danger still to be faced. The price is below both the very strong horizontal resistance at $1,900, and the bull market ascending trendline.

It now remains to be seen whether the bulls will be able to force the price back above this level, or whether the current upward movement is just to confirm …