Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level keeps the decline in check in the short term, broader market pressure and weakening structure force bears to closely monitor a potential breakdown that could open the door to a deeper macroeconomic pullback.
$2,600 is key support on the Ethereum 6H chart
On As long as ETH continues to defend this area and avoids a clear candle below, the broader structure remains constructive for a possible upside attempt.
With support intact, the analyst highlighted a recovery towards $3,050, followed by a possible move into the $3,150 region. These zones are considered logical reaction levels where price can either consolidate or face temporary resistance if buying momentum gradually builds.
However, for Ethereum to unlock a more significant bullish continuation, Özsüer said it needs to reclaim $3,350, called box number two on the chart. A decisive close above this level, supported by heavy volume, would open the door for higher price exploration.
If ETH fails to break through this resistance, it could cap the price and trigger another wave of selling. In this case, a larger pullback towards the $2,400-$2,100 support range becomes a real possibility. Özsüer also said that he had already taken a long position based on the $2,600 support on the hourly chart and was closely monitoring prices, intending to increase the position based on changing dynamics.
$2,710 loss targets $2,620 low
According to crypto analyst Ardi, Ethereum is currently in a make-or-break zone, with $2,710 posing as a crucial near-term support level. A net loss from this area would likely accelerate the downward pressure, putting the $2,620 low into focus as the next area where liquidity could be tested.
Ardi highlighted that the $2,450 area is the main line of defense for the broader market structure. Maintaining this level would be key to avoiding a deeper structural breakdown, as a sustained move below this level could push Ethereum into a much more vulnerable technical position.
Adding to the downside risk, ETH/BTC remains in a strong downtrend, highlighting Ethereum’s continued underperformance relative to Bitcoin. This relative weakness suggests that volatility could remain elevated over the coming sessions, making the environment increasingly unstable for ETH holders.
