🚀 ETH Technical Analysis: Can the bulls hold the line after the rally?

ETH has risen to approximately $2,711, but faced resistance and is now in a consolidation phase after a pullback. Whether the bulls can maintain control will determine if the current uptrend can continue.
📈 Resistance Levels
1. $2,640 – $2,660
· The price has tested this zone several times, forming a visible resistance band.
· MA5 and MA10 are aligning, indicating a weakening of the bull momentum.
2. $2,710
· Local peak on May 28 and the current peak of the upward movement.
· A strong breakout here could open the way to the $2,780 – $2,800 zone.
3. $2,800
· The key level that acted as a supply zone since the beginning of May.
· Holding above this zone will significantly strengthen the mid-term bull case.
📉 Support Levels
1. $2,600
· Near the MA60, which makes it the first area of support after the recent rise.
· If it holds, a new bull structure may form.
2. $2,560
· Serves as a platform for recent growth and has technical support significance.
· A breakdown may signal a transition to a broader consolidation range.
3. $2,460
· At least May 25, which represents a strong structural support.
· If lost, it will simplify the current bounce pattern.
🧠 Summary Review
Currently, ETH is in a correction phase after a rally with a key short-term range between $2,600 and $2,660. The direction of the breakout will likely set the stage for the next important move:
· A breakout and close above $2,660 with volume could lead to a retest of $2,710, keeping the bulls in control.
· A loss of $2,600 could lead to deeper corrections to $2,560 or even $2,460, bringing ETH back into a wider range.
📢 Markets are changing rapidly—keep an eye on key levels and use stop-loss orders for effective risk management.