Ethereum ($ETH ) is currently in a bullish market structure, trading at 2788.5 USDT.
With the RSI at 70.27, it indicates strong momentum but is approaching overbought territory.
Key resistance is at 2823.18 USDT, making a breakout scenario attractive for potential gains.
A pullback towards the support level of 2629.51 USDT could offer a safer entry for traders.
However, watch for Bitcoin's price movements and macroeconomic events, as these can impact ETH's trajectory significantly.
