#ETHEREUM Ethereum's current price is $2,560, with a predicted resistance level at $2,588 expected to be tested within the next 1-2 hours. If this resistance is broken, it may lead to a short-term correction before a potential strong rebound.
*Key Factors to Watch:*
- *Resistance Level*: $2,588 is a crucial level that could determine the next major move for Ethereum.
- *Market Sentiment*: Growing institutional interest and regulatory clarity are contributing to a bullish sentiment around Ethereum.
- *Potential Targets*: Some analysts predict a potential surge to $3,500 if Ethereum breaks past the $2,800 resistance level.
*Technical Analysis:*
- *Bullish Indicators*: Ethereum's price action has shown bullish signs, with some analysts noting a potential breakout above $2,800 could ignite a surge toward $3,400-$3,500.
- *Support Levels*: Key support levels to watch include $2,575, which could play a crucial role in determining Ethereum's next move ¹ ².
Given the current market dynamics, it's essential to stay alert and monitor price action closely to react smartly to potential breakouts or corrections.