$ETH

Steady rise, and the bulls are in control!

ETHUSDT

Perpetual

2,587.79

+0.91%

Ethereum is showing strong bullish momentum on the 15-minute chart, with higher lows and a clear breakout towards $2,550. This comes after bouncing off the support level of $2,442 and regaining its bullish structure. Trading volume remains steady, indicating an increasing dominance of buyers.

If the momentum continues, Ethereum may surge towards its recent high of $2,578, potentially breaking through it. However, resistance remains strong above $2,580. Traders may look for confirmation of the breakout before entering aggressively.

Trading Setup:

• Entry price: $2,550 has been breached

• Take profit 1: $2,578 has been achieved

• Take profit 2: $2,600

• Take profit 3: $2,645

• Stop loss price: $2,510