Ethereum on the Verge of a Breakout

🔷After a strong rally in early May, Ethereum is consolidating just below $2,700, encountering key resistance in the $2,720–$2,750 zone. This area aligns with Fibonacci levels and a descending trendline originating from November 2023. As long as the price holds above the $2,610–$2,640 support zone, the market structure remains bullish.

🔷On the 4-hour chart, a flag pattern is forming — typically a continuation signal. If ETH breaks above $2,750, the next targets could be $2,843 and $3,000. However, losing current support would open the door to a drop toward $2,517. The upcoming sessions will be critical in confirming the direction of the move.