Ethereum (ETH/USD) – Will Bulls Break Through $2,610?

Ethereum is currently trading at $2,502, showing signs of strength as the price holds above the 50-day EMA, a key bullish indicator.

ETH Chart (Source Coingecko)

Buyers seem to be in control for now, but a major resistance level is approaching.

Technical Overview:

• Support Level: $2,100

• Resistance Level: $2,610

• RSI: 59 (Neutral – not overbought yet)

The RSI reading of 59 indicates that Ethereum still has room to climb before hitting overbought territory, giving bulls some breathing room.

What to Expect:

• Bullish Scenario: If ETH breaks above $2,610, the next target is likely the $2,800 zone. This could attract more buyers and strengthen the uptrend.

• Bearish Scenario: A rejection at $2,610 may lead to a pullback toward the $2,100 support area, where bulls would need to defend to avoid further losses.

Final Thoughts:

Ethereum is at a key decision point. A breakout above resistance could trigger strong upside, while failure could bring short-term weakness. Traders should watch the $2,610 level closely—it’s the line between continuation and correction.

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