Breakout Fades, Profit-Taking Recommended

Ethereum did manage to breach a key resistance zone but has since fallen back, raising concerns of a re-entry into the previously broken range. For traders holding long positions, this could be a good opportunity to take profits and reduce exposure.

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With market uncertainty growing, the sustainability of the recent breakout is now in question. All eyes are on the next key level.

$2,650 Support Is Crucial — $2,500 Next If Lost

The $2,650 level remains a vital support zone for Ethereum. If this level fails to hold, the decline could deepen toward the $2,500 mark.

Traders should closely monitor daily closing candles and volume dynamics. A high-volume sell-off could accelerate the correction. Conversely, a strong bounce and stability above $2,850 would be needed to resume the bullish outlook.

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