‼️🚨Major Update on $ETH 🥚

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**Ethereum Builds a Base — Bullish Momentum Brewing?**

Ethereum found strong support near \$2,460 and has started to climb again, now approaching the \$2,600 resistance level.

ETH moved above \$2,500 and \$2,520, currently trading above both \$2,520 and the 100-hour Simple Moving Average (SMA). On the hourly ETH/USD chart, the pair broke a bearish trendline with resistance at \$2,540 — a potential bullish signal.

### Key Support and Resistance Levels

Ethereum gained momentum as Bitcoin touched new highs, with ETH briefly reaching \$2,720 before pulling back to test the \$2,450 zone. After bouncing from \$2,463, the price reclaimed the \$2,500 resistance and broke the 23.6% Fibonacci retracement level from the \$2,729 high to the \$2,463 low.

Currently, ETH faces resistance near \$2,600, which also aligns with the 50% Fib retracement of the same move. If bulls manage to clear \$2,600, the next major resistance levels lie at \$2,630 and \$2,650. A confirmed break above \$2,650 could open the doors for a move toward \$2,720 — and potentially \$2,800 or \$2,850 in the short term.

### Can ETH Hold the Gains?

If Ethereum fails to break above \$2,600, it might see a short-term dip. Immediate support lies at \$2,520, followed by a stronger support near \$2,500. A break below \$2,500 could lead to a drop towards \$2,460 or even \$2,420. Deeper losses might bring \$2,350 into focus.

### Technical Indicators:

* **MACD (Hourly ETH/USD):** Gaining momentum in the bullish zone

* **RSI (Hourly ETH/USD):** Currently above 50

* **Major Support:** \$2,500

* **Major Resistance:** \$2,600

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