๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐ถ๐บ๐ ๐ณ๐ผ๐ฟ $๐ฎ,๐ฑ๐ฑ๐ฌ,๐๐๐ ๐๐๐น๐น๐ ๐ ๐๐๐ ๐๐ผ๐น๐ฑ ๐ง๐ต๐ฒ ๐๐ถ๐ป๐ฒ
Ethereum (ETH) is gaining momentum again, trading above key levels and eyeing a move toward $2,550 โ but bulls must defend support or risk a pullback.
โ Key Highlights
ETH is trading above $2,350, showing renewed buying pressure.
Thereโs a support trendline at $2,440, backed by the 100-hour simple moving average.
Immediate resistance sits at $2,500, with $2,550 as the critical breakout zone.
A successful push above $2,550 could lead to targets near $2,720 or even $2,800.
๐ Current Technical Setup
ETH Price: ~$2,470
Trend: Bullish momentum building
MACD: Turning positive โ shows buyers are active
RSI: Above 50 โ strength on the bullish side
Support levels: $2,440 โ $2,390 โ $2,310
Resistance levels: $2,500 โ $2,550 โ $2,720
๐ Whatโs Happening with Ethereum?
Ethereum has broken above multiple key levels, including $2,320 and $2,350, reclaiming strength after a recent dip. Buyers pushed the price back near the 76% Fibonacci retracement level of the previous fall from $2,568 to $2,115 โ a strong sign of recovery.
The current challenge is breaking above the $2,500-$2,550 resistance zone. If that happens, bulls may drive price higher toward $2,600, then $2,720โ$2,800 range in coming days.
โ ๏ธ What If ETH Gets Rejected?
If Ethereum fails to break above $2,550:
First support is the $2,440 trendline
Below that, $2,390 becomes critical
A deeper drop could pull ETH toward $2,310 or even $2,220
๐ง What Traders Should Do Next
โก๏ธ Bullish Scenario: Wait for a breakout above $2,550 with volume. That could open the door for quick gains toward $2,720+.
โก๏ธ Bearish Scenario: If ETH breaks below $2,390, short-term traders may want to reduce risk or set stop-losses.
โก๏ธ Neutral View: As lo
ng as ETH stays above $2,440, structure remains bullish.