🚀 ETH Technical Analysis: Approaching Key Resistance — Will the Rally Continue?
ETH is currently in a phase of steady upward movement, trading around $2,645 and approaching a critical resistance zone. A breakout above could signal a stronger bullish trend. 📈 Resistance Levels 1. $2,660 This level has acted as a ceiling in recent sessions; A breakout with strong volume could confirm short-term trend reversal. 2. $2,710 – $2,720 The high from May 28th, where selling pressure emerged before; Breaking above this zone may open the path toward $2,800. 3. $2,800 A key level tested multiple times in early May; Holding above would significantly boost the mid-term bullish outlook. 📉 Support Levels 1. $2,600 Recent pullback support from the current upward leg; Holding this level shows bulls are still in control. 2. $2,518 Marked in purple on the chart, this was the base before the recent rally; A drop below would negate the current rebound structure. 3. $2,460 The previous bottom area — breaking it may lead to a deeper correction. 🧠 Overall Outlook ETH is testing the $2,660 resistance zone — a breakout is crucial for continued upside: A confirmed breakout above $2,660 and $2,710 may drive the price toward $2,800; If rejected and falling below $2,600, a retest of $2,518 becomes likely; The market remains range-bound; short-term traders should remain cautious with tight stop-loss strategies. Disclaimer This analysis is generated using AI-based interpretation of market data and is for educational and informational purposes only. It does not constitute investment advice. Please make independent decisions based on your own risk tolerance and portfolio strategy.
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🚀 ETH Technical Analysis: Approaching Key Resistance — Will the Rally Continue?
ETH is currently in a phase of steady upward movement, trading around $2,645 and approaching a critical resistance zone. A breakout above could signal a stronger bullish trend.
📈 Resistance Levels
1. $2,660
This level has acted as a ceiling in recent sessions;
A breakout with strong volume could confirm short-term trend reversal.
2. $2,710 – $2,720
The high from May 28th, where selling pressure emerged before;
Breaking above this zone may open the path toward $2,800.
3. $2,800
A key level tested multiple times in early May;
Holding above would significantly boost the mid-term bullish outlook.
📉 Support Levels
1. $2,600
Recent pullback support from the current upward leg;
Holding this level shows bulls are still in control.
2. $2,518
Marked in purple on the chart, this was the base before the recent rally;
A drop below would negate the current rebound structure.
3. $2,460
The previous bottom area — breaking it may lead to a deeper correction.
🧠 Overall Outlook
ETH is testing the $2,660 resistance zone — a breakout is crucial for continued upside:
A confirmed breakout above $2,660 and $2,710 may drive the price toward $2,800;
If rejected and falling below $2,600, a retest of $2,518 becomes likely;
The market remains range-bound; short-term traders should remain cautious with tight stop-loss strategies.
Disclaimer
This analysis is generated using AI-based interpretation of market data and is for educational and informational purposes only. It does not constitute investment advice. Please make independent decisions based on your own risk tolerance and portfolio strategy.