Ethereum (ETH) has rebounded from support at $2,460, breaking key trendlines and moving averages. With fresh bullish momentum, ETH is setting its sights on the $2,600 resistance zone. At CryptaBlocks, we analyze the technical setup and key levels to guide investors through this Ethereum price resurgence.

1. Support at $2,460 Spurs Fresh Upside

• Bounce Point: ETH tested a low of $2,463 before kicking off a new rally.
• Initial Breakouts: The price cleared $2,500 and $2,520, reflecting renewed buyer interest.

2. Trendline & Moving Average Confirmation

• Trendline Break: A connecting bearish trendline at $2,540 was decisively broken on the hourly chart.
• Moving Average Support: ETH is trading above the 100-hour SMA, reinforcing the bullish bias.

3. Key Resistance Levels

• Immediate Hurdle – $2,600: Aligns with the 50% Fibonacci retracement of the prior decline ($2,729→$2,463).

• Next Targets:
  • $2,630 – 61.8% Fib retracement.
  • $2,650 – first major resistance.
  • $2,720 – prior swing high.
  • $2,800–$2,850 – potential extension zones on a strong breakout.

4. Downside Risks & Support Zones

• Short-Term Support:
  • $2,520 – immediate support aligned with 23.6% Fib retrace.
  • $2,500 – critical pivot.

• Major Support:
  • $2,460 – recent low.
  • $2,420 and $2,350 – next lines in a deeper correction scenario.

5. Technical Indicators

• MACD (1H): Gaining bullish momentum above zero.
• RSI (1H): Holding above 50, indicating buying strength.

Conclusion

The Ethereum price resurgence shows strong technical backing, with ETH reclaiming trendlines and moving averages. A clear break above $2,600 could ignite a rally toward $2,800–$2,850. However, failure to clear resistance may prompt a retest of support at $2,500–$2,460. At CryptaBlocks, we offer real-time insights and risk-managed strategies to help you capitalize on market moves.