$ETH

Current Price: ~$2,786.90

24h High/Low: $2,834.86 / $2,670.00

Trend: Recovery phase after a prolonged consolidation.

🔍 Key Observations

1. Strong Resistance Zone:

ETH is currently testing a resistance zone around $2,780–$2,800, which previously acted as support (in January) and then became resistance post-breakdown (in February). Price is approaching this area again after a steady rally since early May.

2. Volume Confirmation:

Daily volume is relatively high (2.77B USDT), indicating strong market interest. A breakout with volume could validate bullish momentum.

3. Support Zone:

A solid base formed between $2,300 and $2,400. Price bounced from this zone multiple times, confirming it as a strong support.

4. V-Shaped Recovery:

ETH has made a sharp V-shaped recovery from sub-$2,300 levels to near $2,800, which often precedes a breakout if no rejection follows.

5. Sideways Accumulation:

The long sideways movement (March–May) suggests accumulation, and recent price action implies a potential breakout from consolidation.

📈 Price Prediction (Short-Term: 1–2 weeks)

Bullish Scenario (60% probability):

If ETH breaks and closes above $2,800 with strong volume:

Next resistance targets: $2,950 → $3,050

Strong momentum could extend up to $3,200

Bearish Scenario (40% probability):

If ETH gets rejected near $2,800:

Pullback targets: $2,600 → $2,450

Below $2,400, downtrend risk increases toward $2,200

🧠 Conclusion

ETH is at a critical breakout level. A clear move above $2,800 could signal a strong uptrend continuation. However, failure to break this level might lead to short-term consolidation or a pullback. Traders should watch volume and candlestick confirmations before entering positions.