🚨 Ethereum Is Testing the Bulls Again
Ethereum is trading around $2,494, up 1.6% today, after recovering strongly from the recent consolidation and pushing back toward the $2,500 area.
The 1H structure is looking increasingly constructive.
ETH is trading above the MA(7) around $2,477, MA(25) around $2,456, and MA(99) around $2,416. Buyers are also building higher lows after defending the recent support zone.
Now comes the important part.
The $2,500–$2,520 area is the immediate resistance. A clean break and hold above $2,520 could put the previous $2,546 high back in focus. If ETH clears that level with strong momentum, $2,600 becomes an interesting psychological target.
But I wouldn't chase a breakout blindly.
If ETH pulls back toward $2,450–$2,475 and buyers defend the area, that could give the market a stronger base for another attempt higher.
The bigger trend remains bullish as long as ETH continues holding above the $2,415–$2,440 support region.
ETH has already recovered from the pullback.
Now we find out whether $2,500 becomes the launchpad for the next move.
Trade with a plan and manage your risk.
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