Ethereum ($ETH ) has successfully broken above the $2,100 level, signaling renewed bullish momentum in the crypto market. This breakout has caught the attention of traders as Ethereum attempts to establish a stronger upward trend.
For the rally to continue, ETH needs a daily close above $2,150. A confirmed close above this level could open the door for a move toward the $2,400 resistance zone, which would mark the next major target for bulls.
However, if Ethereum fails to secure a daily close above $2,150, the breakout could weaken. In that scenario, the price may retest the $2,000 support level before attempting another upward move.
Traders are closely watching the $2,150 level, as it could determine Ethereum’s short-term direction.
ETHUSDT
Perp
2,043.74
+2.78%