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Ethereum is showing a strong reaction on the 1H chart.
Price is currently around $2,558 after a sharp breakout from the previous consolidation range. The key area to watch now is the $2,510–$2,530 zone marked on the chart.
If $ETH pulls back into this area and holds it as support, the bullish structure remains intact. A successful retest could open the way toward $2,600, with the next major target around $2,640–$2,650.
I wouldn’t chase the initial breakout here. The cleaner setup would be a healthy pullback, confirmation around the marked zone, and then continuation.
#AugustCoreCPIBeatsExpectations #ShareWeekly