Coinpedia analysis shows that Ethereum has built an upward momentum that could soon push its price to the $2,600 resistance level and trigger an uptrend. The asset rose steadily last week after recovering from the $2,200 demand.

Several technical and fundamental factors appear to have put Ethereum on the breakout watch. The digital currency completed a bullish bearish pattern while breaking through Bitcoin's rally above $48,000. Predictions about the future promotion of Ethereum and talk about the possible approval of the ETH ETF add to the optimism. #sanor016CommUNITY