Ethereum has officially flipped green again, bouncing strongly from the $2,550 zone and climbing above $2,600. The question on every trader’s mind: Can ETH bulls sustain this momentum and push toward new highs?
🟢 Quick Overview:
Current Price: Trading above $2,580
Short-Term Trend: Bullish above the 100-hour SMA
Key Support Zones: $2,550 & $2,520
Immediate Resistance: $2,620 → $2,650 → $2,680
📊 Technical Snapshot
After reclaiming the $2,550 level, Ethereum broke past the $2,600 resistance and hit a high of $2,627. It’s now consolidating just below that level while staying safely above the 100-hour Simple Moving Average and a bullish trendline on the hourly chart.
The Relative Strength Index (RSI) remains above 50, showing buyers are still in control.
🧠 Market Sentiment
Ethereum recently outperformed Bitcoin in the short-term trend, which signals bullish strength and growing investor confidence. With higher volume on the breakout and price closing above key levels, ETH looks ready for its next leg up.
🎯 Upside Targets (If Bulls Take Control):
Immediate Barrier: $2,620
Breakout Confirmation: $2,650
Major Resistance Zone: $2,680
Bullish Extension Targets: $2,780 → $2,880 → $2,920
A clear break above $2,680 could ignite a fresh rally that may take Ethereum above $2,900 in the short term.
📉 What If Ethereum Fails at Resistance?
If ETH fails to break the $2,620 resistance convincingly, a short-term pullback could begin. Initial support lies around $2,570. A deeper drop could retest the bullish trendline and Fib support near $2,520.
A break below $2,520 could lead to a steeper decline toward $2,450 and potentially $2,350 if selling pressure increases.
🔻 Key Support Zones:
Minor Support: $2,570
Trendline Support: $2,520
Breakdown Risk: Below $2,520 → $2,450 → $2,350
💡 Smart Strategy for Traders
📈 Bullish Setup:
Entry Range: $2,580–$2,600
Breakout Confirmation: Above $2,620 with volume spike
Bull Targets: $2,650 → $2,680 → $2,780
Suggested Stop Loss: Below $2,520
📉 Bearish Setup:
Sell Opportunity: Rejection at $2,620 or $2,680
Bear Targets: $2,570 → $2,520 → $2,450
Suggested Stop Loss: Above $2,680
📣 Final Thoughts
Ethereum has entered a bullish zone, reclaiming key levels and showing signs of strength. The coming hours will be crucial. A clean break above $2,680 could open doors to $2,920 — but failure to break could lead to another round of profit-taking.
Whether you're a short-term scalper or a long-term holder, keep your eyes on volume, hourly candle closures, and reaction around $2,620–$2,680.
ETH’s next move could be the start of a powerful breakout or a healthy correction.
— By @NoobToProTrader
📌 #Ethereum #CryptoTrends #TechnicalAnalysisBTC #AltcoinSeason #noobtoprotrader 🚀📈
