Ethereum Bulls Eye $2,800 as Breakout Above $1,850 Resistance Confirmed

Ethereum has made a strong bullish breakout in recent weeks, recovering from the $1,550-$1,600 demand zone and breaking above the $1,850 resistance area.

The market's shift to a bullish expansion phase is characterized by a decisive breakout from the descending trendline that limited upside momentum since April-May highs.

As Ethereum trades around $2,513, it approaches an important resistance area of $2,550-$2,600, where some profit-taking or short-term consolidation could occur.