- Support Zone: $2,750–$2,760 now forms the key support area following repeated successful retests.
- Resistance Levels: The next major hurdle lies at the psychological $3,000 level, followed by $3,120.
- Trend Confirmation: A new higher high was set at $2,873, reinforcing the ascending trend since June 9.
- Momentum: RSI continues to trend above 60, suggesting there is room for further upside before overbought conditions emerge.
- Volume Breakout: Volume on the CPI breakout was the highest of the day, validating bullish conviction.
Traders and institutions alike are now watching for a sustained push above $2,900 to open a path toward a full test of the $3K mark — a level that could signal the next leg in Ethereum’s broader recovery.
