#EthereumHits$2600FirstTimeInSevenMonths
$ETH has reached $2,600 for the first time in seven months .That's a strong psychological milestone but the next move may be more important than the headlines itself.
Bigger question is whether bulls can turn this milestone into lasting support.
📊 Key levels to watch:
• $2,580–$2,600: Breakout retest zone — holding here could strengthen the bullish setup.
• $2,670–$2,700: Next resistance area if momentum continues.
• $2,424: 20-day EMA and deeper support to watch on a pullback.
What’s driving the move?
🔹 Cooling core CPI may be improving the macro backdrop.
🔹 More than $250M in short positions reportedly wiped out, adding fuel to the rally.
🔹 Exchange reserves reaching multi-year lows could signal stronger accumulation.
What this means for
$ETH : The breakout is encouraging, but confirmation matters more than excitement. A strong weekly close above key support could open the door to a broader recovery, while rejection near resistance may bring another retest.
💭 Is
$ETH building a new support zone at $2,600, or is this just another resistance test?
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