Ethereum (ETH) has broken past a key resistance, rallying to $2,553 with a 4.03% gain in 7 days. With trading volume up nearly 60% to $25.37 billion, analysts are watching closely to see whether the asset can continue its upward trajectory and retest the psychological barrier at $3,000.

Breakout Above Resistance Signals Strength

Analyst Michael van de Poppe highlighted the successful breakout as a bullish indicator, noting that the $2,520 level now serves as critical support. As long as this zone holds, Ethereum appears poised to continue rising. Van de Poppe also noted ETH’s relative strength over Bitcoin in recent sessions, reinforcing optimism among bulls.

Daan Crypto Trades echoed this sentiment, emphasizing the importance of $2,520 as a pivot point. A breakdown below it could lead to a pullback toward $2,310. But for now, ETH remains firmly in a bullish range.

RSI and Neutral Market Sentiment Offer Room to Run

The relative strength index (RSI) stands at 57.30, with the 14-day RSI at 46.79—both comfortably below overbought levels. This suggests Ethereum has room to grow before hitting exhaustion, especially if momentum persists.

Traders interpret this neutral sentiment as a constructive backdrop, indicating that current price action is sustainable and not driven by over-speculation. If ETH continues to hold above key levels, further upside could materialize without triggering a sharp correction.

Key Levels to Watch: $2,520 Support and $2,735 Resistance

Ethereum’s immediate support lies at $2,520, with the next lower floor at $2,310 if needed. On the upside, $2,735 is the next major resistance before $3,000 comes into view. The strength of ETH’s recent move suggests it could make a run for that level if macro sentiment and buying interest continue to align.

While volatility remains a defining factor, Ethereum’s current price behavior suggests growing confidence among investors and traders. If support holds firm, ETH may soon test and potentially breach the $3,000 mark for the first time in months.

Related Post: BNB Price Targets $900 as Technical Signals Align for Breakout