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Ethereum Bulls Eye $2,700 Breakout as Price Holds Firm Above $2,640

Guavy AI Editorial Team
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ETH
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Ethereum's price has been holding firm above $2,640 as bulls eye a potential breakout towards $2,700. According to Ali Charts, ETH appears to be forming a bull flag on lower timeframes.

The analysis states that an hourly close above $2,700 could confirm the bull-flag breakout and potentially open the door towards $3,000. Currently, the 14-day RSI stands at 63, showing positive momentum without reaching overbought territory.

Ethereum's price has remained above several major exponential moving averages on the daily timeframe, with the EMA cluster ranging from about $2,314 to $2,605. This keeps the broader structure supported.

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