(23 August 2026), Ethereum’s height ($ETH ) can be considered a break of an important resistance barrier, paving the way for a potential price breakout, but the market is still in a phase of testing the strength of this breakout.
The most prominent technical indicators supporting this:
· Sequential breakout of key levels: The price started from the 1,837–1,942 areas, then managed to break above 2,042 and then 2,317.
· Break of 2,400: Breaking this psychological level and a significant technical resistance strengthened the bullish structure.
· Record price surge: ETH rose by more than 30% in just one week.
· Strong momentum supported by institutions: The breakout was accompanied by strong positive flows into U.S. spot ETH funds (around 512 million) and heavy liquidations of short positions.
There are important caution signs:
· Immediate resistance zone: The price is currently trading around $2,448, facing resistance at $2,465 and $2,500–2,520.
· Clear buying peak: The Relative Strength Index (RSI) exceeded 80 points, indicating the possibility of a pullback or near-term profit-taking.
Conclusion: The current rise represents a real breakout of technical and psychological barriers, but the market has entered a phase of testing buyers’ strength. Holding above $2,423 could open the way to $2,538, then $2,600–2,650. However, breaking $2,317 would shift the outlook toward a deeper correction.
Disclaimer: This is a technical analysis, not investment advice. Cryptocurrency markets are highly volatile—always do your own research and assess risks.
The most prominent technical indicators supporting this:
· Sequential breakout of key levels: The price started from the 1,837–1,942 areas, then managed to break above 2,042 and then 2,317.
· Break of 2,400: Breaking this psychological level and a significant technical resistance strengthened the bullish structure.
· Record price surge: ETH rose by more than 30% in just one week.
· Strong momentum supported by institutions: The breakout was accompanied by strong positive flows into U.S. spot ETH funds (around 512 million) and heavy liquidations of short positions.
There are important caution signs:
· Immediate resistance zone: The price is currently trading around $2,448, facing resistance at $2,465 and $2,500–2,520.
· Clear buying peak: The Relative Strength Index (RSI) exceeded 80 points, indicating the possibility of a pullback or near-term profit-taking.
Conclusion: The current rise represents a real breakout of technical and psychological barriers, but the market has entered a phase of testing buyers’ strength. Holding above $2,423 could open the way to $2,538, then $2,600–2,650. However, breaking $2,317 would shift the outlook toward a deeper correction.
Disclaimer: This is a technical analysis, not investment advice. Cryptocurrency markets are highly volatile—always do your own research and assess risks.
