#Ethereum

Ethereum (ETH/USDT) Breakout Analysis

Ethereum has shown impressive bullish strength, climbing to a 24-hour high of $2,608 and currently trading at $2,486, up 2.04%. This surge follows a breakout above major moving averages — MA(7), MA(25), and MA(99) — which now act as strong support levels.

The move is backed by a significant spike in trading volume, signaling strong market interest and buyer dominance. The short-term support zones are visible around $2,300 and $2,200, while resistance is near the $2,600–$2,620 range.

This momentum may lead to further gains if consolidation holds above key support. However, traders should watch for potential pullbacks and use them as re-entry opportunities in this uptrend.

Overall, ETH is looking strong technically and sentiment is bullish. Keep an eye on price action around the $2,500 level as it could act as a pivot for the next move.