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Ethereum nears bullish breakout after strong August rally and rising buyer demand around $2.5k resistance.

Technical Signals
07 Sep 2026
AMBCrypto
View Source
Bullish
Ethereum nears bullish breakout after strong August rally and rising buyer demand around $2.5k resistance.

Ethereum surged 41% in August, rising from $1,820 to $2,567, supported by $1.736 billion inflows into spot ETFs. Recently, ETH has traded in a range near $2,380-$2,530, close to a key April resistance at $2,466, signaling possible distribution. However, strong buying pressure from spot and derivatives markets, along with significant ETH withdrawals from exchanges, suggests buyers dominate and a bullish breakout above $2,530 is likely. If this breakout occurs, the next resistance zone to watch is $2,900-$3,000, while a drop below $2,380 would signal bearish risks.

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