๐๐๐ ๐๐ฎ๐ฅ๐ฅ๐ฌ ๐๐จ๐ฅ๐ $๐,๐๐๐ โ ๐๐๐ง ๐๐ก๐๐ฒ ๐๐ซ๐ข๐ ๐ ๐๐ซ ๐ ๐๐๐ฅ๐ฅ๐ฒ ๐๐๐จ๐ฏ๐ $๐,๐๐๐?
๐น Current Price: $2,548
๐น Trend: Sideways with bullish potential
๐น Key Support: $2,520 โ $2,500
๐น Resistance Ahead: $2,580 โ $2,600 โ $2,650
๐ป RSI below 50, MACD in red zone
๐ข ETH Holds Key Trendline Support
Ethereum is holding above the critical $2,520โ$2,530 zone, forming a rising support trendline. This area has acted as a launch pad during recent dips.
A bounce from this level kept ETH stable around $2,548, even after failing to break $2,600 earlier this week.
The 100-hour SMA sits near $2,550 โ acting as immediate resistance.
๐ Short-Term Outlook: Range-Bound
๐ ETH tried to break above $2,600, but faced strong rejection around the 76.4% Fib retracement level from the last swing move ($2,636 โ $2,475).
Now, the price is stuck between:
Support: $2,520 โ $2,500
Resistance: $2,580 โ $2,600
Until ETH clears either boundary, expect sideways chop.
๐ What to Watch for a Bullish Breakout
If ETH manages to break and close above $2,600, momentum may accelerate toward:
โ $2,650
โ $2,720
โ Potentially $2,800 in short bursts
This would confirm a bullish breakout from the current consolidation.
๐ Downside Risk?
If Ethereum fails to hold $2,520, traders should watch for a test of:
๐ป $2,500 โ Psychological support
๐ป $2,450 โ Demand zone
๐ป $2,350 โ Stronger structural support from June
Break below $2,500 could shift bias back to short-term bearish.
๐งญ Trader Takeaways
๐ฉ Bullish Bias if:
Price holds $2,520 support
RSI flips above 50
Break above $2,600 with volume
๐ฅ Bearish Risk if:
ETH loses $2,500
MACD divergence widens
BTC weakens below $108K
๐ง Beginnerโs TL;DR
ETH is stuck between support at $2,520 and resistance at $2,600
If it breaks $2,600 โ price could jump
If it drops below $2,500 โ more downside likely