ETH bulls are likely to book losses on breach to $2510

Ethereum prices have been trading sideways for 11 days since August 9, and when an asset struggles to move higher, it often tests support levels. On a breach to $2510, ETH could potentially fall to $2,412, and if this support level does not hold, the price could drop another $100 to reach $2,312.

However, if ETH stays above $2,510, the short-term uptrend remains intact. In this scenario, the price could potentially reach $2,674, followed by a move towards $2,751.

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