Ethereum (ETH) is currently trading around $2,680, after a strong recovery from below $2,400. The recent rally pushed ETH close to the important $2,800 resistance, but sellers appeared near that level.
đ Key Levels to Watch
đą Support: $2,600â$2,650
đŽ Major Resistance: $2,780â$2,800
đ Above $2,800: The next areas traders may watch are around $2,900 and $3,050. Reuters' technical analysis also identified $3,050 as a potential target after the recent breakout.
â ïž Important downside levels:
If ETH loses the $2,600 area, selling pressure could increase. Reuters highlighted approximately $2,560â$2,565 as an important level, with the $2,350â$2,360 zone becoming more significant if the decline deepens.
đ° ETF Demand Is Worth Watching
U.S. spot Ethereum ETFs recorded about $66.1M of net inflows on September 24, extending their positive-flow streak to five sessions. This shows continued institutional demand, although ETF flows alone do not guarantee that ETH's price will rise.
đ My ETH Watchlist
For me, the most important thing now is not chasing the price. I would watch:
âą $2,800 breakout + strong volume
âą ETF inflows/outflows
âą BTC's direction
âą ETH trading volume
âą Whether $2,600 continues to hold as support
If ETH successfully breaks and holds above $2,800, the market could start focusing on higher resistance zones. If it fails repeatedly and loses key support, a deeper correction becomes possible.
đ Conclusion
ETH is at an interesting technical point: $2,800 is the key battle zone, while $2,600 is an important area to monitor on the downside.
Crypto markets are highly volatile, so these levels should be used for market analysisânot as guaranteed targets.
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