ETHEREUM AT A CRUCIAL INFLECTION POINT:

May 29

ETH has been grinding just below a major resistance zone (~$2,850) after breaking out of a long-term descending channel.
This is the final barrier before a potential rally towards $4,000.

What to Watch:
Resistance: ~$2,850
Break above = momentum likely to accelerate
Rejection = possible pullback to retest breakout zone (~$2,400–$2,200)

Structure is strong, but confirmation is key. Bulls must clear this ceiling with volume.

Patience. React to a breakout or rejection — don’t front-run.

Jun 7

Note

ETH continues to respect the major resistance zone at $2,700–$2,850.

This remains the most crucial resistance to flip for a strong rally towards $4,000. ETH has faced repeated rejections from this zone, reaffirming its significance.

On the downside, $2,400 is now crucial short-term support, and holding this level is key to preventing a deeper pullback.

Resistance: $2,700–$2,850
Crucial Support: $2,400