Ethereum ($ETH) is quietly gathering momentum as it reclaims the $2,600 level after a period of choppy consolidation. On the 15-minute chart, ETH has shown signs of resilience by bouncing from a strong support zone around $2,480–$2,500, forming a potential bullish reversal pattern. The current price action is setting up for a possible breakout toward $2,770, with bulls beginning to dominate short-term market structure.
Ethereum Eyes a Bullish Breakout – What’s Next for $ETH?
1. ETH Reclaims Key Level at $2,600
Ethereum has successfully regained the $2,600 price level, showing renewed strength after a period of sideways consolidation. This recovery came from a strong bounce off the $2,480–$2,500 support zone, which now appears to be a firm base for bullish momentum. Short-term price structure is shifting in favor of buyers, with consecutive green candles and rising volume indicating a potential breakout formation.
2. Breakout Zone in Sight
The 15-minute chart reveals a crucial zone around $2,580–$2,600 that previously acted as resistance. ETH has now breached this zone and is trading above it, suggesting a transition from supply to demand. If bulls continue to defend this level, the next logical target is the $2,770 zone — a key technical resistance and a psychological round number. A breakout beyond that could open the gates to $2,800+ territory.
3. Bullish Trade Opportunity
Traders are closely watching this breakout play. With a favorable risk-to-reward ratio and strong support below, ETH presents an attractive setup for swing traders and intraday players alike. As long as price remains above $2,580, the bullish thesis remains valid.
$ETH Trade Setup:
Entry Range: $2,590–$2,605
Take Profit: $2,770
Stop Loss: $2,547
Trend Bias: Bullish
4. Final Thoughts – Momentum Is Building
Ethereum’s steady climb and reclaim of crucial zones suggest more than just a dead cat bounce. If macro sentiment stays steady and BTC remains stable, ETH could lead the altcoin market into a fresh rally. Keep an eye on $2,640 — a clean break and retest of this level could act as a launchpad for higher targets.
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