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Ethereum shows new strength after an easy climb beyond the $2,600 mark, firmly above the main support level as the Bulls try to regain momentum. The move comes after a range-bound price action for weeks, with traders carefully watching confirmations through a decisive push beyond the next zone of resistance, while breakout attempts are attracting attention.
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So far, ETH has been well endured despite the wider market volatility. Once the buyers were controlled, the focus shifted to whether Ethereum could break through the current range limit and start sustained movements higher. Without follow-through, price risks will return to integration and annoy bullish positioning.
Top analyst Big Cheds recently shared a technical analysis highlighting that Ethereum is pushed into zones defined by the weekly range highs, particularly the upper shadow cluster and the underside of the 200-day moving average (DMA). This area has been working repeatedly resistancerejects previous attempts by rally.
Check out Ethereum Bulls Eye Breakout
Ethereum is at a critical time as the Bulls push prices towards a $2,800 resistance. This is the level that must be cleared crucially to confirm a breakout and move into a full bullish phase. After a sharp rebound from its April low when ETH traded nearly $1,400, assets surged over 90%, recovering key moving averages and breaking past short-term resistance levels. The momentum is clearly built, but Ethereum is currently facing its most important tests.
The $2,800 zone marks the top of the current range and coincides with multiple technical barriers. Cheds highlighted That ETH is currently trading at a weekly range of highs where upper shadow clusters repeatedly reject prices. This region is also consistent with the underside of the 200-day moving average (DMA) and reinforces it as a major zone of resistance. According to Cheds, if ETH can support $2,750, Bear’s paper fails.
However, macro risk remains. The US Treasury yield continues to rise, reflecting concerns over inflation and a more severe financial situation. Increased yields often put pressure on risky assets, including cryptocurrencies, by deriving liquidity from speculative markets.
Despite these headwinds, Ethereum’s structure remains strong. As long as the bull maintains pressure and adheres to a higher and lower value, the path to regaining $3,000 is more likely. A confirmed breakout of over $2,800 could lead to an increase in participation from both tech traders and investors who have been sidelined by recent volatility. Until then, ETH remains in range, but momentum is clearly changing in favor of the bull.
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ETH reaches a critical resistance zone after breakout
Ethereum is currently trading at $2,688 on the 4-hour chart after a strong breakout from a multi-day ascending triangle structure. The move is supported by rising volume and clean recalls of all major moving averages (50 SMA ($2,558), 100 SMA ($2,571), and 200 SMA ($2,535)).
The ETH was pushed directly into a critical zone of resistance between $2,690 and $2,735. This is highlighted by some previous rejection wicks. The area served as a supply zone since mid-May, closing out all breakout attempts, leading to a quick pullback. Current testing marks Ethereum’s fifth attempt to surpass this level in recent weeks. This increases the likelihood of a breakout, especially if the bull maintains momentum and increases in volume.
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However, if ETH fails to clear this zone, it could pull back towards a 200 SMA or $2,600 level, especially if the volume tapers. The structure remains bullish in the short term, forming a higher low and increasing pressure.
A four-hour closure over $2,735 could signal a confirmation of breakout and cause a push to $2,900-$3,000. Until then, ETH remains in range, but the bull is clearly pushing the door.
Dall-E special images, TradingView chart
