Ether Chart Puts $2,520 Neckline in Focus With $2,640 Target Area

Ether (ETH) appears to be forming an Adam and Eve bottom on its 10-minute chart, placing the $2,520 neckline at the center of a conditional breakout setup.

A sustained close above $2,520 could confirm a bullish breakout and open room toward the $2,640 area. The pattern describes a technical structure with two lows, with the neckline marking the level that would determine whether the setup is confirmed.

Confirmation would require ETH to close above the $2,520 neckline on a sustained basis. The analysis was posted Oct. 11 at 4:30 a.m. ET (08:30 UTC).