🔥 Ethereum Gathers Steam — Is a Bullish Breakout Imminent?
koinmilyoner
Updated at: 6 hours ago
{"content":"🔥 Ethereum Gathers Steam — Is a Bullish Breakout Imminent?
Above $2,350, Ethereum price rose again. ETH is showing promise and may rise over $2,550.
Ethereum rose again over $2,320.
The price is over $2,350 and the 100-hour SMA.
On the hourly ETH/USD chart, a positive trend line connects to $2,440 support.
If it breaks $2,550 barrier, the pair may rise again.
Ethereum Price Expects Growth
Like Bitcoin, Ethereum price rose beyond $2,250. ETH price broke $2,320 and $2,350 barrier to rise.
Bulls even broke the 61.8% Fib retracement level of the $2,568 swing high to $2,115 low decline. The price is presently struggling at $2,500. Ethereum is over $2,450 and the 100-hour SMA.
Price is at the 76.4% Fib retracement level of the $2,568 swing high to $2,115 low decline. Price may find resistance at $2,480 on the upside. Around $2,500 is the next major resistance.
Near $2,550 is the first substantial resistance. A clean break over $2,550 might push the price above $2,600. Above $2,600 barrier might lead to greater advances in the following sessions. Ether may soar to $2,720 or $2,800 in the short future.
Another ETH Drop?
Ethereum may fall again if it fails to break $2,550. The trend line and $2,440 provide first negative support. Near $2,390 is the first big support.
A decisive break below $2,390 might bring the price below $2,310. If losses continue, the price may reach $2,220 support. Next important support is $2,150.
Tech Indicators
Hourly ETH/USD MACD is rising in the positive zone.
Hourly ETH/USD RSI is over 50.
Major Support—$2,310
Level of Major Resistance: $2,550
#ETH #BTC110KToday? #MarketRebound $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/26/031ba952016743f2bd2551d739e43776.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}