Ethereum Breaks $2,600: Can Buyers Hold Ground for Further Growth?

The Ethereum ($ETH) price has cleared the $2,600 mark, marking a significant breakout from its multi-month consolidation range. This move comes after a strong breakout candle closed near its daily highs following a tight consolidation period.

The current price action confirms the calculations of certified technical analyst Aksel Kibar (CMT, TechCharts), who predicted this scenario in mid-August with an intermediate target at $2,163.

Kibar urges caution and warns that it is too early to celebrate, as the market now desperately needs a 'domino effect' to complete the formation of its multi-month base. To achieve this, Ethereum needs more consistent momentum and consecutive long bullish candles.