$ETH The bullish outlook remains, though the asset is undergoing a strong pullback following a surge from around $2,450 to $2,666. Recent data indicates ETH is consolidating after a major rally, with the $2,550 range acting as a key resistance level. 🎯 Outlook Bias: Moderately BULLISH — but do not chase the price right now. Most likely scenario: 🟢 Support: $2,530–$2,500 🟢 Strong support: $2,440–$2,410 🔴 Resistance: $2,600–$2,620 🔴 Strong resistance: $2,666 🚀 If it breaks and holds above $2,620–$2,666 → target $2,750–$2,800 📈 If momentum is very strong → $2,900–$3,050 becomes the next target. Reuters also views ETH's consolidation pattern as a "bullish flag," projecting a move toward $3,050 if a breakout succeeds. 📉 Bearish scenario If the $2,530 level breaks decisively, I anticipate ETH could drop to test: $2,500 → $2,450 → $2,410 The $2,410 area is critical as it sits near the channel support and the 20-day EMA—levels closely watched by the market. Losing this area would increase the risk of a deeper correction. 🔥 Price Action Condition Target Hold > $2,530 $2,600 Break $2,620 $2,666 Break $2,666 $2,750–$2,800 Break $2,800 $2,900–$3,050 Break below $2,530 $2,450–$2,410 Break below $2,410 deeper bearish move My conclusion: roughly 60–65% bullish vs. 35–40% bearish based on the current setup. However, recent activity shows profit-taking, so I prefer waiting for confirmation rather than rushing to enter. If I had to pick a direction: 👉 LONG once ETH successfully holds the $2,530–$2,550 level, with stronger confirmation if it breaks back above $2,620.
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