Ethereum Surge Warning! Key Resistance is on the Brink of Breaking

Ethereum has once again launched an offensive, strongly rebounding at $2,320 and is currently approaching the key resistance level of $2,650, just one step away from an explosion!

Recently, ETH briefly retraced to $2,308 before reversing strongly, breaking through the $2,450 and $2,500 levels, and breaking the bearish trend line at $2,530, regaining the 100-hour moving average. The trend has recovered nearly 80% of the losses from the $2,583 peak, with clear bullish signals emerging technically.

Key Resistance Levels:

First Level: $2,580

Strong Resistance: $2,650

If it can break through with volume, it will aim for $2,720, $2,780, or even $2,840, initiating a new round of upward cycle.

However, risks remain:

If it cannot stabilize above $2,650, ETH may retest the $2,520 support, and if it breaks below $2,450, it could drop to $2,320 or even $2,250.

Technical Indicator Brief:

MACD has turned bullish

RSI remains strong above 50

Ethereum is at a critical turning point; upward indicates accelerated growth, while downward indicates a return to volatility. The next few hours will determine ETH's short-term fate!