Ethereum Evening Outlook
Resistance and Support: Strong resistance zone at $2650-$2670, a breakout may trigger a short squeeze; support below at $2608-$2620
Scenario Analysis
Scenario 1: Continuation of Upside
Trigger Condition: Price stabilizes above $2650
Target Path:
First Target: $2670-$2700, after breakout test $2750
Scenario 2: Pullback from Highs
Trigger Condition: Price faces resistance at $2650
Retracement Path:
First Support: $2620-$2608, if broken will test $2580-$2550
Bullish Strategy
| Breakout Follow-Up | Stabilize above $2650 | Target $2700→$2750, Stop Loss $2620 |
| Retracement Setup | Stabilize on pullback at $2580-$2600 |
Target $2650→$2670, Stop Loss $2550 |
Bearish Strategy
| High Position Shorting | Range of $2650-$2670 | Target $2600→$2550, Stop Loss $2700 |
