ETH Holds Above $2,640 as Traders Eye Potential Breakout

Ethereum's price has held above $2,640 as traders monitor the potential for a breakout towards $2,700. According to Ali Charts, the key lower-timeframe level to watch is $2,700, and an hourly close above this could open the door towards $3,000.

The 14-day Relative Strength Index (RSI) stands at 63, showing positive momentum without reaching overbought territory. The RSI and Stochastic Oscillator both indicate a bullish trend after retreating from earlier overbought conditions.

Ethereum's price faces several resistance levels as traders assess whether momentum can continue. The first major barrier stands near $2,786, followed by resistance around $2,894. A daily close above $2,786 would place $3,177 among the higher resistance levels identified in the technical setup.