🚨 ETH Setup: Breakout Brewing or Breakdown Incoming?

After cooling off from its recent rally to $2,711, Ethereum (ETH) is at a crucial decision point. With volatility compressing, the next move could be explosive—in either direction.
📍 Key Levels to Watch This Week
🔼 Upside Targets
$2,660: Immediate resistance. A decisive breakout here could spark a new leg higher.
$2,710: May 28 high. A close above confirms bullish continuation.
$2,800: Major resistance. If bulls conquer this, ETH may enter a new mid-term uptrend.
🔽 Downside Risks
$2,600: First support test. Holding this keeps bulls alive.
$2,560: Breakdown level. Losing this could drag ETH into a wider consolidation.
$2,460: Must-hold structural low. Breaching it invalidates the rebound thesis.

📊 Momentum Snapshot
MA5 & MA10 are flattening = consolidation.
Volume declining = wait-and-see sentiment.
RSI neutral = no clear edge for bulls or bears (yet).
🧠 Strategy Outlook
ETH is coiling in a tight range between $2,600–$2,660. Expect volatility to return soon.
🔓 Break above $2,660? Target $2,710–$2,800.
🔻 Break below $2,600? Prepare for $2,560–$2,460 tests.
🎯 Pro Tip: Stay nimble. Let price confirm the next direction before committing. Tight stop-losses are a must in this chop zone.