Ethereum Support Retest Pattern Seen, Breaking $2,720 Resistance Key to Further Upside

Ethereum is currently trading around $2,619.59, showcasing a strong pattern of support at the key $2,600 level. This historic support echoes Ethereum’s 2024 pattern and is forming an ascending triangle on the chart, suggesting a potential breakout towards the $2,720 resistance. This is closely watched as analysts await further confirmation from this zone.