$ETH is trading around $2,480–$2,515 right now, depending on the data source.
📊 Technical picture
Trend: 🟢 Bullish/neutral — ETH is consolidating after a strong rally.
Resistance: $2,550–$2,600
Next upside zone: $2,750–$2,800
Major upside target: around $3,000–$3,050 if the breakout confirms. Reuters recently identified a bull-flag structure with a projection near $3,050.
Key support: $2,435–$2,450
Important lower support: $2,350–$2,360. A sustained break below this area would weaken the bullish setup considerably.
🔥 My read
ETH is still bullish, but it's sitting directly below an important resistance zone. I would watch $2,550–$2,600 closely. A strong move above it could open the way toward $2,750 → $3,000.
On the other hand, losing $2,435 would suggest a deeper pullback before another attempt higher.
One additional risk today is the broader macro environment: U.S. Treasury yields are elevated and markets are watching the Federal Reserve decision, which can create volatility for crypto.
Overall: 🟢 Bullish above $2,435 | Strong breakout above $2,600 | Bearish warning #FedHikeOddsRiseTo89%
📊 Technical picture
Trend: 🟢 Bullish/neutral — ETH is consolidating after a strong rally.
Resistance: $2,550–$2,600
Next upside zone: $2,750–$2,800
Major upside target: around $3,000–$3,050 if the breakout confirms. Reuters recently identified a bull-flag structure with a projection near $3,050.
Key support: $2,435–$2,450
Important lower support: $2,350–$2,360. A sustained break below this area would weaken the bullish setup considerably.
🔥 My read
ETH is still bullish, but it's sitting directly below an important resistance zone. I would watch $2,550–$2,600 closely. A strong move above it could open the way toward $2,750 → $3,000.
On the other hand, losing $2,435 would suggest a deeper pullback before another attempt higher.
One additional risk today is the broader macro environment: U.S. Treasury yields are elevated and markets are watching the Federal Reserve decision, which can create volatility for crypto.
Overall: 🟢 Bullish above $2,435 | Strong breakout above $2,600 | Bearish warning #FedHikeOddsRiseTo89%
