
Ethereum has broken above important descending trendlines on both daily and 6-hour charts, signaling a potential bullish breakout. Analysts highlight $2,460 and $2,650 as key price targets if Ethereum maintains above these trendlines. The breakout is significant because ETH had previously failed to surpass this resistance, and holding above it could confirm short-term buyer control. However, Ethereum must clear further resistance between $2,617 and $2,957 to sustain upward momentum, with a stronger move possibly targeting $3,228. Failure to hold above the trendline could lead to a price pullback toward support zones around $1,600 to $1,821 or $2,220 to $2,260. Currently, Ethereum is at a critical decision point that will determine if the bullish trend continues or weakens.