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Ethereum (ETH) is trading above $2,600 as bulls regain momentum, pushing toward the critical $3,000 resistance level. Analysts warn of a potential retracement before a sustained breakout, but optimism grows for an altcoin resurgence. The coming days could determine ETH’s next major move.
- Ethereum is consolidating below the 200-day SMA ($2,699.60), with bulls defending the $2,500–$2,600 support zone.
- A breakout above $3,000 could ignite a strong bullish impulse, targeting $3,400 and potentially sparking an altcoin rally.
- Analysts caution that a healthy retracement may occur before ETH sustainably breaks resistance, with $2,450–$2,500 as key support.
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