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Ethereum is still holding strong despite a week of extreme volatility and geopolitical tensions. Following escalations in the Middle East, where the conflict between Israel and Iran promotes global market uncertainty, ETH has been able to maintain its key price range. After a temporary soak in the early hours of the week, Ethereum has regained momentum and is currently trading around key levels that can define the next move in the broader Altcoin market.
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Top analyst Ted Pillow shared a technical outlook that suggests that the bullish scenario remains intact for Ethereum. His analysis shows that ETH retains its range structure successfully. This is an important signal that the buyer is still in control. This stability at the current level gives investors confidence to monitor breakouts that could lead to a wider Altcoin rally.
The macro background is vulnerable to US Treasury yields and rising global conflict, so Ethereum’s ability to maintain structure is a sign of relative strength. The road ahead remains uncertain, but all eyes are now in Ethereum’s ability to hold these levels Break through resistance zone. If so, it could be the trigger needed for updated momentum in the Altcoin market.
Ethereum keeps this line as the Bulls target breakouts
Ethereum has scored more than 7% since last Friday, recovering from the recent lows caused by macroeconomic pressures and geopolitical instability. Bounce has rekindled optimism across the market, but price action continues to face tough challenges at key resistance levels. ETH broke for a short time last week, surpassing the $2,800 mark. This is the level that many analysts view as a gateway to a wider gathering. However, the move lacks follow-through, and Ethereum quickly returns to lower that level, suggesting the lack of convictions or the presence of heavy overhead supplies.
This difference in momentum divides the views of analysts. Some argue that Ethereum’s breakout could still be fired in the new Altcoin season, with ETH leading the charges. Others warn that failure to maintain a higher level could indicate debilitating, and that breakdowns below current range could potentially send Ethereum under $2,500.
still, Ted Pillows believe The overall structure remains bullish. His latest analysis highlights that the scenario remains the same. As long as ETH holds the range low as support, the market remains intact and moves higher. This support zone has been repeatedly functioning as an ETH floor since early May.
Ultimately, the next move is decisive. Ethereum’s ability to hold range and regain $2,800 can pave the way for over $3,000. However, if you don’t defend support, sales pressure can increase and market sentiment can change. For now, the battle between the Bulls and Bears continues, with the Ethereum structure offering hope for those who bet on an upside-down breakout.
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ETH Price Analysis: Important Levels to Watch
Ethereum (ETH) continues trading within defined ranges after another failed attempt to exceed the $2,800 resistance. According to the chart, ETH prices are currently at $2,626.98, down 0.09% over the four-hour time frame. Price action shows a strong wick near the resistance zone, suggesting a rejection at a boundary of around $2,770-2,800, but buyers intervened as soon as ETH approached the confluence of 50, 100, and 200 moving averages between $2,576 and $2,619.
This range, which has been developing since early May, remains intact. The chart highlights that ETH respects the $2,580-$2,620 zone in support, and confirms this as the lower limit of the range. As long as ETH is above this level, the bull may remain in control. However, this could lead to another pullback as he was convicted and unable to regain his resistance zone.
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The volume is slightly supporting and bringing buyer interest closer to signaling, but the lack of follow-through near highs keeps ETH stuck within its range. A breakout of over $2,800 with a strong volume could potentially be a catalyst for a wider Altcoin rally. Until then, Ethereum had been integrated, with bulls and bears trapped in a battle for important levels.
Dall-E special images, TradingView chart
