Ethereum (ETH), the second-largest cryptocurrency by market value, has reclaimed the $2,560 level and held it as support, with the token trading at $2,657.85 after rebounding from a recent consolidation phase. Market analysts are watching immediate resistance in the $2,675-$2,700 range, followed by a broader $2,800-$3,000 supply zone overhead. Should ETH pull back, $2,600, $2,500 and $2,400 are seen as key support levels. Breakout-and-retest sequences are among the most closely watched setups in technical analysis, since a former resistance level that holds as support is conventionally treated as confirmation of a recovery's strength.

Analysts Ali Charts, Celal Kucuker, Ted Pillows and CrediBULL Crypto each highlighted separate price levels and risk factors surrounding the move.

ETH Reclaims $2,560 After Strong Recovery

Ali Charts said on X that Ethereum confirmed its breakout after clearing $2,560 and successfully retesting the level as support. The analyst identified $2,760 as the next major upside target. The move followed a broader recovery from approximately $1,900.

ETH later climbed above $2,400 before consolidating between roughly $2,400 and $2,500. The token briefly slipped toward the $2,350-$2,400 range around Sept. 16 before rebounding, crossing $2,500 and approaching $2,700.

The latest four-hour Binance candle chart reached a high of $2,675.70 and bottomed at $2,653.48. ETH last traded at $2,657.85, down $4.43, or 0.1%.

Analysts Watch $2,800-$3,000 Resistance

CrediBULL Crypto said ETH cleared its untapped highs and approached a $2,800-$3,000 resistance zone, describing the area as a supply zone, a price range where clustered sell orders and overhead positions can slow advances. According to the analyst, a rejection there could lead to a deeper pullback toward equal lows, while a break above the zone could leave those lows behind.

Meanwhile, Celal Kucuker said ETH retested its flag breakout, cautioning that unexpected Trump announcements or war-related events could affect the technical setup. Kucuker said ETH could reach $3,500 by the end of next month and expects a new all-time high by year-end. His caveat highlights a recurring theme for chart-based traders: even cleanly defined patterns remain exposed to headline risk from geopolitics and policy news.

Ted Pillows highlighted a separate development in Ethereum's staking activity, saying the ETH exit queue reached 132,832, its highest level in three months. Since Ethereum's move to proof-of-stake in 2022, its entry and exit queues have served as a publicly visible gauge of validator inflows and outflows, and a three-month high in the exit queue reflects elevated withdrawal activity.

RSI and MACD Show Strong Buying Momentum

Ethereum's technical indicators pointed to strong buying momentum. The relative strength index (RSI), a momentum gauge that scores the speed of recent price changes on a 0-to-100 scale, is at 67.54, above its moving average of 66.24, and remains below the conventional overbought threshold of 70. The MACD line sits at 39.83, above the 37.89 signal line, while the histogram remains positive at 1.93, a combination conventionally read as momentum favoring buyers.

Immediate resistance is clustered around $2,675-$2,700, with support formed near $2,600. Below that, $2,500 and $2,400 remain key levels. A sustained move above the $2,675-$2,700 band would expose higher resistance levels, while a rejection could send ETH back toward $2,600 or $2,500. Traders will be tracking how ETH behaves at the $2,800-$3,000 supply zone, with the staking exit queue now adding another metric to the watchlist.