$ETH /USDT – BULLS REGAIN CONTROL AS ETH EYES A BREAK ABOVE $2,600!
Current Price: $2,570.89
24H High/Low: $2,579.00 / $2,492.00
Volume (24H): 366,752 ETH / 930.76M USDT
Key Levels:
Immediate Resistance: $2,590
Next Resistance: $2,645
Major Resistance Zone: $2,720
Support 1: $2,530
Major Support: $2,492
$ETH /USDT is showing a renewed bullish push as it trades near the upper boundary of a recent consolidation range. With price reclaiming and holding above $2,550, bulls are eyeing a clean breakout above the $2,590 resistance. The hourly chart is printing higher lows, indicating momentum is shifting toward the upside. A confirmed breakout could open the door for a strong rally.
Trade Setup (LONG):
Entry: $2,575 – $2,585 (on breakout confirmation above $2,590)
Targets (TP):
TP1: $2,645
TP2: $2,720
Stop Loss (SL): $2,525
Alternate Setup (SHORT):
Entry: $2,585 (if rejected at resistance)
Targets (TP):
TP1: $2,530
TP2: $2,492
Stop Loss (SL): $2,615
Market Outlook:
ETH remains fundamentally strong and is gaining traction with broader market stability. The short-term trend is bullish, and a successful breakout above $2,590 could trigger a mini alt-season move. Watch volume closely — if it increases near breakout level, expect aggressive upside.
Risk Management:
Limit exposure per trade to 1-2% of your capital. Always use stop loss and avoid entering trades without confirmation candles.
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