$ETH /USDT – Bullish Breakout Near Key Resistance! Will #ETH Push Through $2,650?
#Ethereum is showing strong upside momentum, currently trading at $2,609.11 (+5.36%) with significant volume backing the move (870,588 ETH / $2.18B USDT). It's approaching a critical resistance level at $2,622–$2,650, where breakout confirmation could open the gates for a stronger rally.
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Current Price: $2,609.11
24h Change: +5.36%
24h High: $2,622.00
24h Low: $2,406.63
24h Volume (ETH): 870.6K
24h Volume (USDT): $2.18B
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Bullish Trade Setup:
Entry Zone: $2,580 – $2,615 (on breakout or retest)
TP1: $2,675
TP2: $2,740
TP3: $2,840
Stop-Loss: $2,525
Bearish Rejection Setup (if price fails to hold above $2,620):
Short Entry: $2,630 – $2,645
TP1: $2,550
TP2: $2,475
Stop-Loss: $2,690
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Market Insights:
Ethereum’s rally is supported by strong spot and derivative volume. RSI is rising on the 4H chart but nearing overbought. If the price breaks and holds above $2,650, we could see bullish continuation toward the $2,800 zone. However, rejection at this resistance could trigger short-term profit-taking.
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Pro Tip:
Watch for a clean 4H candle close above $2,650 with rising volume for breakout confirmation. Stay cautious of fakeouts during high volatility.
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