Ethereum has surged above $2,600 and is holding above key support levels as bulls aim to reclaim momentum.
Traders are closely watching for Ethereum to decisively push above the next resistance zone to confirm the breakout attempt.
Analysts note that Ethereum is facing resistance at the $2,800 level, which is crucial for a breakout into a full bullish phase.
Ethereum is currently trading at $2,688 and has reached a key resistance zone between $2,690 and $2,735, with a potential breakout on the horizon if bulls maintain momentum.