Ethereum is showing renewed bullish momentum as multiple technical analysts highlight breakout setups targeting the $2,460–$2,650 range. After a strong bounce from the $2,200–$2,260 support zone — an area reinforced by the March low, the lower daily Bollinger Band, and the 38.2% Fibonacci retracement — ETH/USD has pushed above short‑term descending trendlines on both daily and 6‑hour charts.
One analysis notes that the upward reversal from this support zone is part of an active minor impulse wave (iii), with the first major test at the $2,470 resistance level that previously capped an earlier wave. A confirmed break above $2,470 would open the path to the next resistance at $2,600, and an extension target near $2,650 derived from a 100% wave projection.
Another view focuses on a larger corrective base from the $1,600–$1,821 area, with price now testing the upper boundary of a rising A‑B‑C structure. The breakout from a descending orange trendline that had repeatedly rejected rallies is seen as a key signal that short‑term control has shifted to buyers. If ETH holds above the broken trendline, the immediate upside levels are $2,650, $2,862, and $2,995, with a stronger continuation possibly reaching $3,228. However, a failure to stay above the trendline would weaken the breakout and could send ETH back toward the $2,220–$2,300 range.
The overall sentiment across crypto markets is supportive, and Ethereum’s ability to maintain ground above these breakout areas will be critical for confirming the next leg higher.
