Ethereum showcases resilience above $2,580, anticipating potential growth if it can overcome $2,650 resistance.

Ethereum's Stability

Ethereum continues to maintain its position above $2,550 and $2,580, ensuring stability in a positive market zone. On the hourly ETH/USD chart, there is an ascending trendline, which could strengthen if it surpasses the $2,650 and $2,680 resistance levels.

Technical Indicators and Their Impact

Despite minor corrections, Ethereum has broken past $2,580 and $2,600 resistance levels. This movement was supported by a breach above the 50% Fibonacci retracement from the $2,685 to $2,538 range. Current technical indicators, such as MACD and RSI, reflect growing bullish sentiment.

Potential Scenarios for Ethereum

If Ethereum overcomes the $2,650 resistance, it could aim for $2,750 and further towards the $2,840 resistance zone. However, failure to breach could see the price revert to support levels at $2,600 and $2,550, potentially dropping to $2,480.

Ethereum remains robust above key support levels, with further growth expected upon breaking current resistance.