Ethereum Eyes Breakout Above $2,640 – Bulls Gaining Control?
Ethereum ($ETH ) is currently trading at $2,621.43, showing a modest gain of +0.24%. The recent price action reveals a strong bullish breakout above the $2,600 level, followed by a sharp rejection from the $2,640 resistance zone. Despite the pullback, ETH is holding steady above its previous consolidation range, indicating growing bullish pressure. If momentum continues, a retest and breakout above $2,640 could open the door to $2,680–$2,700 in the short term. However, failure to hold $2,600 may trigger a correction toward $2,578 or even $2,552.
Trade Setup:
Entry: $2,620
Target 1: $2,640
Target 2: $2,680
Stop-loss: $2,578
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