Ethereum Price Faces Resistance, But Breakout Potential Remains

Ethereum’s price has broken above $2,690 resistance after a key breakout from a consolidation phase, reaching an all-time high of $2,755. However, this surge faces pressure near $2,770, suggesting ongoing seller activity. 2.47–$2.38 support is in play, but the potential for upside remains as long as Ethereum stays above the recent resistance. Analysis suggests a break above the $2,740 zone could lead to further gains towards targets of $2,870, $2,960, and potentially $3,160.