#ETH ETH Price: around $2,616

Technical Structure: ETH is trading within a corrective triangle with breakout potential

🔧 Key Levels

Support:

$2,496–$2,530 (strong support zone)

$2,450 (key level for maintaining bullish scenario)

Resistance:

$2,662 (immediate resistance)

$2,723 (key breakout level)

$2,750–$2,800 (strong resistance zone) binance.com

📈 Bullish Scenario

If ETH can break the $2,723 level with increasing volume, a move to:

$2,800 (aggressive target)

$2,860 (extended target)

$3,100 (in case of strong breakout)

Indicators like MACD (4H) and Ichimoku Cloud (1H) signal potential breakout coinedition.com+1coindcx.com+1

📉 Bearish Scenario

If ETH fails to hold support at $2,496–$2,530, a decline to

$2,300 (in case of increased selling pressure) binance.com+3binance.com+3zebpay.com+3

The RSI indicator on the 30-minute chart is at 59.36, indicating a neutral-bullish sentiment

🧠 Recommendations for Traders

Bullish Setup: Opening long positions on a breakout above $2,723 with a target of $2,800–$2,860.

Bearish Setup: Considering short positions on breaking support at $2,496 with a target of $2,450–$2,300.