$ETH USDT at $2,511: Breakout or Breakdown at $2,550?

$ETH is currently trading around $2,511, consolidating on the 4H chart after a strong recovery from the $2,400 support zone. Now, all eyes are on the $2,550 resistance — a decisive level that could trigger the next big move.

Scenario Breakdown:

• Break Above $2,550: Could ignite bullish momentum toward $2,700+

• Rejection at $2,550: May lead to a pullback to $2,400 or lower

Technical Snapshot:

• 50 MA: $2,450 — price holding above, but flattening

• 200 MA: $2,300 — strong long-term support

• RSI: 60 — Neutral zone, room for movement

• MACD: Bullish but weakening; histogram shrinking

• Pattern Watch: Forming an ascending triangle — flat top at $2,550, rising support from $2,400

• Volume: Declining during consolidation — watch for breakout volume spike

Key Levels to Watch:

• Support: $2,400

• Resistance: $2,550

• Bull Target on Breakout: $2,700+

• Bear Target on Rejection: $2,400 retest

This is a crucial pivot zone. Whether you’re trading the breakout or the rejection, plan your entry and exits with precision.

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