#ETH Ethereum at $2,522.93: The Breakout Needs Confirmation

Ethereum is showing strong recovery momentum, trading around $2,522.93, up roughly 2.25% in 24 hours and 2.68% over seven days, with market capitalization near $306.6B.

ETH recently broke above $2,600 and reached $2,666 before pulling back, making the $2,600-$2,666 region the most important area for the next move.

My view is cautiously bullish, but I would not chase the market after such a sharp leveraged rally.

The move was supported by strong trading activity, institutional demand and a major derivatives reset.

Around $112M of ETH positions were reportedly liquidated within one hour during the breakout, while total crypto liquidations later exceeded $500M.

This shows how much leverage helped accelerate the move.

Institutional flows are another important factor. ETH ETFs reportedly recorded around $216.4M in net inflows on September 11, while corporate treasury accumulation has also increased.

At the same time, large ETH transfers toward exchanges can create additional potential selling pressure, so supply flows deserve close attention.

Technically, ETH remains constructive. Daily ADX near 54 suggests strong trend momentum, while RSI around 63 indicates positive momentum without being extremely stretched.

ETH is also above its seven-day average near $2,485 and 30-day average around $2,341. The $2,465-$2,485 zone is therefore my key short-term support area.

Key resistance:

$2,537, $2,566, $2,600 and most importantly $2,666-$2,669.

A strong daily close above $2,666 followed by a successful retest would significantly strengthen the breakout structure.

In that case, $2,700, $2,780-$2,900 and potentially $3,000-$3,200 could become the next upside zones.

Key support:

$2,485, $2,433-$2,406, $2,417, $2,356, $2,326 and $2,300.

Losing $2,417 with strong selling could increase liquidation pressure, while a decisive break below $2,300 would weaken the current recovery structure and bring the $2,200 area into focus.

My trading plan is confirmation-based. I would prefer a defended retest around $2,433-$2,485 followed by renewed buying pressure, or a confirmed breakout above $2,666-$2,669. I will closely monitor ETF flows, open interest, funding and long positioning. If price rises while leverage remains controlled, the trend becomes healthier. If leverage expands rapidly while ETH repeatedly fails near $2,666, volatility could increase.

The biggest short-term catalyst remains the Federal Reserve and upcoming macro data. Inflation and interest-rate expectations can strongly influence crypto liquidity and risk appetite.

My overall view remains cautiously bullish. Ethereum has momentum, liquidity and institutional demand behind it, but the real confirmation will come from its ability to hold $2,600 and reclaim $2,666-$2,669 as sustainable support. If that happens, the path toward $2,780-$2,900 and eventually $3,000+ becomes much more interesting.

For me, confirmation is more important than chasing a vertical move. $ETH #weeklyshare