Ethereum $ETH recently surged ~37% in just 10 days, hitting a high near $2,564. Now ETH is consolidating around the $2.46K–$2.47K area, creating a potential bull-flag setup.
📈 Bullish: A breakout could put $3,000–$3,050 in focus. Reuters’ technical analysis projects ~$3,050, with previous resistance around $3,040–$3,060.
⚠️ Key support: $2,350–$2,360. Losing this zone could weaken the bullish structure and trigger a deeper correction.
🌎 Macro catalyst: U.S. PPI data is already out, while August CPI is due Friday, Sept. 11 — potentially bringing more volatility to crypto.
So, what happens next?
🟢 Breakout → $3K+?
🔴 Breakdown → deeper correction?
ETH target: $3K, $3.5K, or lower? 👇
Not financial advice — market analysis only.