Ethereum $ETH recently surged ~37% in just 10 days, hitting a high near $2,564. Now ETH is consolidating around the $2.46Kâ$2.47K area, creating a potential bull-flag setup.
đ Bullish: A breakout could put $3,000â$3,050 in focus. Reutersâ technical analysis projects ~$3,050, with previous resistance around $3,040â$3,060.
â ïž Key support: $2,350â$2,360. Losing this zone could weaken the bullish structure and trigger a deeper correction.
đ Macro catalyst: U.S. PPI data is already out, while August CPI is due Friday, Sept. 11 â potentially bringing more volatility to crypto.
So, what happens next?
đą Breakout â $3K+?
đŽ Breakdown â deeper correction?
ETH target: $3K, $3.5K, or lower? đ
Not financial advice â market analysis only.