Ethereum is currently trading near $2,590, with traders eyeing the possibility of a breakout towards the $3,600 level. Technical analysis shows signs of potential upside momentum and historical support levels suggest bullish potential. analysts are optimistic about a future surge but caution against a drop to $2,400 if support fails. Ethereum has held this key support level multiple times in recent months, leading to strong price rallies. The potential for further gains is significant if the current resistance line breaks. However, if the market weakens and sellers dominate, Ethereum might experience a correction toward $2,400. Traders are watching closely for any sign of a breakout above this crucial support level.