Ethereum Breaks $2,600 With Strong Momentum, Eyes $3,000 Next

Ethereum (ETH) has just recorded its most significant breakout in months, surging past the critical $2,600 resistance level for the first time since May. This move marks a clear shift in market sentiment after weeks of sideways consolidation and low trading conviction. The breakout is not just a technical reaction—it signals growing bullish momentum.

For much of June, ETH was stuck between its 50-day and 100-day Exponential Moving Averages (EMAs), struggling to gain traction. However, with the latest rally, Ethereum has now closed a daily candle above all major moving averages, including the pivotal 200 EMA. This shift transforms a key structural resistance into new support and reflects increased risk appetite among investors betting on future upside.

Importantly, the surge was accompanied by a notable increase in trading volume, suggesting that this is more than a short squeeze. The Relative Strength Index (RSI) has also climbed to 58, indicating there is still room for the rally to continue before overbought conditions are reached.

With $2,600 reclaimed, the focus now shifts to the next key psychological resistance at $3,000—a level that would mark a full recovery from Ethereum’s decline starting in late March. However, traders should remain cautious. A potential pullback to the $2,500–$2,550 range could serve as a healthy retest, reinforcing support and strengthening the case for a sustained uptrend if buyers defend the zone.

Ethereum’s latest price action, supported by technical and volume indicators, positions the asset for a bullish continuation. But maintaining momentum will require buyers to step up on any dips.