$ETH is bullish on the broader short-term move but currently cooling off at resistance. The critical question is what happens around $2,624–$2,628. If price reclaims and holds above the MA60 around $2,628 and then breaks the $2,634–$2,646 area with increasing volume, that would represent stronger continuation evidence. Conversely, a decisive break below $2,624 followed by continued lower highs would make a deeper retracement increasingly relevant, with $2,600 becoming an obvious psychological level to watch.

#ETH