⚡ $ETH at $2,566 – Momentum Cooling or Just a Breather? 🧭

$ETH /USDT is currently trading at $2,566.46, up +1.88%, showing a modest bounce from the recent local low of $2,502. After testing the $2,635.00 level, price pulled back but held above the 25 MA and is now trading comfortably between the $2,540–$2,570 zone.

Short-term structure remains bullish, supported by rising 7 MA and 25 MA, but the lack of explosive volume suggests ETH is still building strength, not breaking out just yet.

A clean break above $2,590 would open the door for another attempt at $2,635 and potentially $2,680–$2,700. On the downside, losing $2,530 could drag ETH back toward $2,470 where buyers previously stepped in.

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📊 ETH/USDT Key Technical Levels:

Current Price: $2,566.46

Immediate Resistance: $2,590

Breakout Zone: $2,635+

Targets: $2,680 → $2,700

Support Range: $2,530 → $2,502

Critical Support: $2,470

Short-term SL: Below $2,500

🧠 Market Insight:

ETH is in a mid-range bounce zone — not overbought, not oversold. Traders are watching for:

A push above $2,590 with increasing volume (bullish breakout)

Or failure to hold $2,530, which could invite a dip back into support zones

Momentum is neutral to bullish, but this is a patience play. The market may coil further before choosing direction — ideal conditions for breakout traders or scalpers using tight risk.

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