Ethereum (ETH/USDT) Technical Analysis | Breaking the Trend

📈 Ethereum (ETH/USDT) Technical Analysis | Breaking the Trend – What's Next?
As shown in the chart, Ethereum has broken out of the descending trendline and is now moving upward with strength. However, price is currently facing a key resistance at $2,647, which has acted as a supply zone in previous sessions.

🟢 Bullish Scenario: Break and Rally
If ETH can successfully break above the $2,647 resistance, the next upside targets are:

$2,680 – mid-level resistance with past reactions

$2,720 – a strong psychological and technical resistance

A clean breakout above these levels could confirm a bullish continuation and bring more momentum to the market.

🔻 Bearish Scenario: Rejection and Pullback
If the price fails to break this resistance and shows signs of bearish rejection, we may see a short-term correction. Key support levels to watch:

$2,620 – minor support

$2,609 – key intraday support

$2,572 – a stronger demand zone if the correction deepens

📌 Conclusion
Ethereum is at a critical decision point. A breakout can fuel bullish momentum, while a rejection may trigger a pullback. Watch for candlestick confirmations and volume surges for better trade entries.

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