🚀 $ETH Eyes Breakout Above $2,600! 🚀

Ethereum is currently consolidating just below the $2,600 resistance level, trading at $2,551.28. The recent price action suggests a potential breakout, with analysts projecting a rise to $4,596.85 by May 2025 .

🔍 Technical Snapshot:

Current Price: $2,551.28

Resistance Levels: $2,600, $2,608

Support Zone: $2,440 - $2,475

Potential Re-Entry Zone: $2,440 - $2,475

Take Profit Targets:

TP1: $2,550

TP2: $2,608 (previous high)

Stop Loss: $2,440

📊 Market Indicators:

RSI: Currently at 36.13, indicating a neutral position .

Moving Averages:

50-Day SMA: $3,007.47

200-Day SMA: $3,081.04

**Both indicate a bearish trend in the short term .**

🧐 Analyst Insights: Analysts suggest that if Ethereum maintains its current structure and breaks above the $2,600 resistance, it could continue its upward trajectory. However, caution is advised as technical indicators show mixed signals.

⚠️ Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.

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