Ethereum is testing a critical support zone around $2,600, with analysts split on whether the level will hold or give way to a deeper pullback. While buyers have defended the area in recent sessions, weakening structure and broader market pressure keep downside risks elevated, particularly if key nearby supports fail.
$2,600 Support Anchors Near-Term Bias
Analyst Can Özsüer noted on X (formerly Twitter) that Ethereum has so far maintained the $2,600 support on the 6-hour chart, keeping the near-term structure constructive. If the level continues to hold, he sees scope for a recovery toward $3,050 and potentially into the $3,150 region, where price could encounter interim resistance or consolidation.
Özsüer added that a more decisive bullish continuation would likely require ETH to reclaim the $3,350 area with strong volume. A clear close above that zone could open higher levels, while failure to break it may cap momentum and invite renewed selling pressure. In a downside scenario, he flagged the $2,400–$2,100 range as a potential area for a deeper retracement. The analyst also disclosed a long position based on the $2,600 support on the 1-hour chart, saying he is monitoring momentum for potential additions.
Short-Term Levels: $2,710 and $2,620
Crypto analyst Ardi identified $2,710 as a pivotal short-term support. A clean loss of that level could accelerate downside and put the $2,620 swing low in focus as the next liquidity area. He highlighted $2,450 as a primary structural line of defense; holding it would be important to avoid a more pronounced breakdown in ETH’s broader market structure.
ETH/BTC Underscores Relative Weakness
Ethereum’s pair against Bitcoin (ETH/BTC) remains in a downtrend, underscoring ETH’s underperformance versus the market’s benchmark asset. This relative weakness suggests volatility could stay elevated in the near term, increasing the potential for sharp moves around these key support and resistance levels.
Key Levels to Watch
- Support: $2,710 (short-term), $2,620 (swing low), $2,600 (6H support), $2,450 (broader structure), $2,400–$2,100 (deeper pullback zone)
- Resistance: $3,050, $3,150, and $3,350 (breakout threshold on strong volume)