Ethereum Price Holds Steady Above Key Breakout Zone as Analyst Predicts Upward Momentum

Ethereum's price has been holding steady above $2,498.94, a key breakout zone that traders have been watching closely.

Crypto analyst Bitcoin Meraklisi shared on X that Ethereum reclaimed the $2,381 resistance level and is now consolidating between $2,381 and $2,515.

According to Meraklsi, a confirmed breakout above $2,515 could send the price toward $2,750 first, with further upside targets at $3,400 and eventually $4,750 if momentum continues.

The 20-day moving average is turning upward and acting as dynamic support, while the MACD indicator shows a positive divergence following the rally.