Ethereum Maintains Key Support as Bulls Aim for Breakout Levels

Ethereum (ETH) is maintaining its price stability amid recent geopolitical tensions and market volatility. After a temporary dip, ETH has regained momentum, trading at crucial levels that may influence the broader altcoin market.

Key points include:

ETH gained over 7% since last Friday, recovering from macroeconomic pressures.
Currently priced at $2,626.98, with resistance around $2,800 and support between $2,580 and $2,620.
Analyst Ted Pillows indicates that if ETH maintains its range structure, it could signal a bullish breakout.
Price action shows rejection near the $2,800 resistance, indicating selling pressure still exists.
Volume has increased near support, suggesting buyer interest, but the lack of follow-through at highs keeps ETH in a consolidation phase.

The next critical move for Ethereum will depend on its ability to hold key support and break through resistance levels. If successful, this may lead to upward momentum toward $3,000; failure could result in further price declines. The market remains cautious as bulls and bears compete for control.