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Ethereum Price Analysis: Can ETH Break $2,590 and Target $3,000?

Ethereum (ETH) is showing signs of bullish strength as it trades at $2,553, slightly below a key resistance level. 

Ethereum Chart (Source Coingecko)

The asset is holding firm above the 50-period EMA on the 4-hour chart, indicating a supportive short-term trend.

Technical Overview:

  • Current Price: $2,553

  • Key Resistance: $2,590

  • Next Target (if breakout confirmed): $3,000

  • EMA50 (4H): Price is trading above, signaling bullish control

  • RSI: 55 – indicating mild bullish momentum

Resistance in Focus:

Ethereum has been consolidating in a tight range but is now approaching the $2,590 resistance zone. A clean breakout above this level would likely spark renewed buying interest and set ETH on course for a test of the psychological $3,000 mark.

Bullish Outlook:

The combination of trading above the EMA50 and an RSI of 55 suggests buyers are slowly gaining control. If bulls manage to push above $2,590 with volume, the move could trigger a strong leg higher.

Conclusion:

Ethereum is poised at a critical level. A successful break above $2,590 could pave the way for a bullish rally toward $3,000. However, rejection at this level may lead to further consolidation in the short term.

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