Ethereum price has been holding strong in recent days
according to technical analysis, a new upward breakout is expected soon
If the price breaks the $2,600 resistance, the next major resistances will be at $2,650 and $2,735.
A clear breakout above $2,735 could propel the price to $2,800 or even $2,920.
The RSI (Relative Strength Index) is above 50, indicating buying pressure.
Ethereum price has recovered strongly from the $2,500 support zone and if it breaks the $2,600 resistance, further increases are expected. However, if the price stays below $2,600, a further downward move is likely.
