$ETH /USDT RALLIES ABOVE $2,600 ā€” BUT REJECTION FROM $2,638.50 LOOMS LARGE āš ļøšŸ”„

$ETH /USDT delivered a strong +3.63% surge, climbing from $2,564.28 to a daily high of $2,638.50. However, after hitting resistance, the price is now consolidating near $2,611.93, as bulls take a breather.

šŸ“Š Technical Breakdown:

24h High: $2,638.50

Current Price: $2,611.93

Support Zones: $2,593.23 ā†’ $2,576.90

Resistance Levels: $2,625.88 ā†’ $2,642.22

Trend: Bullish, but short-term pullback underway

šŸ” Key Insights:

A solid uptrend was followed by a tight-range consolidation and lower highs ā€” potential for bull flag formation.

Support has held above $2,590 so far, indicating continued buyer presence.

A break above $2,638 could trigger a larger upside move toward $2,700.

šŸŽÆ Trade Setup:

LONG Entry: $2,615

TP1: $2,638

TP2: $2,675

SL: $2,588

SHORT Entry: Below $2,590

TP1: $2,565

TP2: $2,540

SL: $2,618

šŸ“Œ Conclusion:

$ETH /USDT is holding strong after a sharp rise, but buyers must reclaim $2,638 to maintain momentum. Consolidation suggests accumulation ā€” prepare for a breakout!

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