Ethereum Daily Chart Signals Strength As Bulls Reclaim Momentum

Key Points

1. Ethereum is holding above the key support level of $2,572 and maintaining a higher-low structure, with the next resistance at $2,665.

2. Technical indicators like the RSI (55.73) and MACD signal growing upward momentum, with support at $2,503 and resistance at $2,665.

3. A breakout above $2,720 could trigger a rally toward $3,150, while failure to break this level might lead to a retest of support near $2,000-$2,100.

4. Analysts note a bullish pattern on the 3-day chart, with a potential breakout above $2,850 targeting $4,000, aided by a volume gap between $2,850 and $3,200.

5. Ethereum's price is currently at $2,563, with analysts highlighting its potential for rapid upward movement if key resistance levels are breached.