Ethereum Price Breaks $2,600: Analysts Predict Rally to $3,600 as ETF Inflows Surge

Sean Williams
ethereum-ETFs

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Ethereum (ETH) has made a notable comeback, breaking above the $2,600 mark for the first time since February. The move follows a brief dip below $2,000 in March and signals renewed strength in the market. As ETH tests the $2,700 resistance zone, traders and Analysts are closely watching for signs of a breakout.

Ascending Triangle Signals Potential Breakout

Crypto Analysts Captain Faibik highlighted that Ethereum is forming an ascending triangle pattern on the 12-hour chart, a bullish formation often signaling upward momentum. “Bulls need to clear the $2,720 resistance to confirm the upside breakout,” Faibik noted. Ethereum touched a multi-month high of $2,790 on May 29 but remains just below critical resistance levels.

Crypto Jelle echoed the optimism, observing that ETH is “still moving as planned, pushing deeper into the resistance area” around $2,850. A successful break above this zone could position Ethereum for a push toward $3,600—a potential 37% rally from its current price near $2,624.

Historical Patterns Suggest a Repeat Rally

Analyst Rekt Capital pointed to Ethereum’s recent behavior as reminiscent of early 2024, when the asset surged 50% in four weeks. ETH has been consistently holding above $2,468, now considered a key support level.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

Also Read: Ethereum [ETH] Risks Drop as Sell Pressure Builds

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