Ethereum (ETH/USD), the world’s second-largest cryptocurrency, is showing renewed bullish momentum both on intraday and daily timeframes. With a short-term ascending channel forming on the 1-hour chart and a potential range breakout setup visible on the daily chart, traders are eyeing a significant move beyond the $2,680 resistance zone.

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⏱️ 1-Hour Chart Analysis: Bullish Channel in Play

• Current Price: $2,659.62 (+0.09%)
• Ethereum is respecting a clearly defined ascending channel, showing higher highs and higher lows.
• Price recently bounced off the channel’s lower trendline near $2,620, confirming strong support.
• Upper Bollinger Band near $2,664 is being tested again, showing short-term overbought conditions.

🔎 Key Observations:

• Immediate Support: $2,624.17 (mid-Bollinger Band)
• Channel Support: ~$2,640
• Short-Term Resistance: $2,680
• Breakout Target: $2,740+

📌 A breakout above $2,680 on strong volume may trigger a rapid rally toward $2,740–$2,800 in the short term.

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📅 Daily Chart Analysis: Breakout Brewing Above Long-Term Range

• Ethereum is testing the top of a horizontal range ($2,400–$2,679), which has been holding since mid-May.
• A breakout above $2,679 could confirm a bullish reversal from the prolonged consolidation phase.
• Bollinger Bands are slightly expanding — a signal of potential volatility ahead.

🔍 Daily Technical Highlights:

Level	Significance
$2,679	Range Resistance (Key breakout)
$2,473	20-day SMA (Immediate support)
$2,267	Range Support
$4,056	Major Upside Target (Long-term)

If price sustains above $2,680, bulls may target a medium-term rally toward $3,000 and eventually $3,500+. A close above this range would also mark a technical reversal from the downtrend seen earlier in 2025.

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📊 Bollinger Band Insights

Indicator	1H Chart Value	1D Chart Value
Upper Band	$2,664.73	$2,679.00
Middle Band (SMA 20)	$2,624.17	$2,473.17
Lower Band	$2,583.61	$2,267.35

• Ethereum is currently hugging the upper bands on both charts — typically a bullish sign but also suggests the price may pull back before a sustainable breakout.

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🎯 Trading Strategy

🟢 Bullish Scenario

• Entry: On breakout and hourly close above $2,680
• Short-Term Target: $2,740–$2,800
• Medium-Term Target: $3,000–$3,500
• Stop Loss: $2,620 (below channel support)

🔴 Bearish Scenario

• Rejection at $2,679 may lead to a pullback to the daily support of $2,473, or even $2,267.
• Consider short positions only if price breaks below $2,400 range support with volume confirmation.

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🧠 Conclusion: Ethereum Gearing Up for Major Move

Ethereum is showing bullish structure both in the short-term (1-hour chart) and longer-term (daily). The price is now at a crucial resistance level near $2,680. A confirmed breakout above this zone could spark a multi-stage rally, while failure could trigger another consolidation phase.

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⚠️ Disclaimer:

This content is for educational and informational purposes only. It is not investment advice. Always do your own research and consult a licensed financial advisor.

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🔗 Internal Links for Engagement:

• 📘 Bitcoin Price

🌐 External Links:

• 🌍 Live ETH/USD Chart on TradingView