$ETH ETH /USDT Technical Update – Massive Bullish Breakout!

Ethereum (ETH) just posted a strong bullish breakout, currently trading at $2,343.79, up over +20% in the last 24 hours. This massive move followed a long consolidation phase and is pushing well above the middle Bollinger Band (MB: 1,829.91) and even beyond the upper band (UP: 2,160.51), signaling intense buying pressure.

Key highlights:

24h High: $2,490.77

24h Low: $1,942.86

RSI (6): 94.55 – Highly overbought, suggesting caution for new entries

Volume (24h): ETH - 2.10M, USDT - 4.63B

Today’s Gain: +13.39%,

7-Day Gain: +26.27%

30-Day Gain: +58.71%

This surge has brought ETH close to critical resistance zones. If momentum sustains, we might see a test of the $2,500 level and beyond. However, with the RSI nearing extreme levels, a short-term pullback is also possible.