Ethereum price is showing renewed bullish momentum after climbing above $2,650, with ETH trading near $2,667 and gaining approximately 3.37% over the past 24 hours The latest move follows a breakout from a short-term consolidation, bringing fresh attention to the next major resistance levels
Ethereum price is trading at around $2,667, up 3.37% in the last 24 hours
Ethereum Flag Breakout Opens $3,520 Price Target
Ethereum price has broken above a short-term bullish flag after consolidating beneath resistance around $2,550-$2,600 region. The move follows an earlier sharp rally, with price spending several sessions moving sideways before buyers pushed through the upper boundary of the pattern.
The setup shared by Celal Kucuker identifies the breakout as a potential continuation of Ethereum’s earlier impulsive move. Using the height of the previous rally, the chart projects a further 37.06% expansion towards approximately $3,520.79.
The projection remains conditional on ETH maintaining its breakout structure. Holding above the former flag resistance would support the continuation scenario, while a sustained move back inside the pattern would weaken the setup. For now, the breakout has improved the near-term structure, but a move towards $3,520 would still require ETH to clear several resistance levels along the way.
Ethereum has broken above a bullish flag, with a measured-move projection pointing towards approximately $3,520
ETH Has $2,631 as Point of Control
The latest breakout has also brought Ethereum above an important volume-profile level. ETH’s Point of Control (POC) is positioned near $2,631, identifying a price area where significant trading activity has taken place within the chart’s measured range. Crypto analyst CW8900 highlighted this region as a major support level following Ethereum’s recent recovery. With ETH trading near $2,667, the POC now sits directly beneath the market and could become an important area to watch during any short-term pullback.
Ethereum’s Point of Control sits near $2,631, marking an important volume-based support area beneath the current price
Holding above $2,631 would suggest that buyers are successfully defending the high-volume area following the breakout. A loss of this level, however, could return attention towards the broader $2,600-$2,550 support region. The current volume-profile structure is therefore supportive, but the next retest will help determine whether Ethereum price can sustain its move higher.
Buy-the-Dip Sentiment Builds as ETH Eyes Further Upside
Ethereum’s higher-timeframe structure remains constructive following its latest recovery, with shallow pullbacks attracting buying interest. Analyst Scient sees the recent strength as a sign of persistent demand and considers a deeper correction towards $2,150 a potential accumulation opportunity over the coming weeks.
Ethereum’s broader recovery remains constructive, with analyst favoring buying opportunities on pullbacks
The chart shows Ethereum price recovering from its earlier downtrend and moving back above an important historical trading region. The broader outlook remains supportive of further upside as long as buyers continue defending the latest breakout and sustain above the key support range. A return towards $2,150 would represent a substantially deeper correction rather than the immediate scenario.
Ethereum Price Forecast & Momentum
Ethereum’s latest breakout has strengthened its near-term outlook, with price trading around $2,667 after clearing its previous consolidation. The immediate support to watch is $2,631, where the volume-profile Point of Control sits. Holding this level could allow ETH to challenge $2,700-$2,800, followed by the psychological $3,000 level.
The broader momentum picture is also improving. In an analysis on X, BitBull highlighted that ETH has gained approximately 67.57% so far in Q3 2026, slightly above the 66.55% recorded in Q3 2025. If this holds through quarter-end, Ethereum would register its strongest third-quarter return in the period shown.
For now, the larger bullish flag projection near $3,520 remains in focus if momentum continues. On the downside, losing $2,631 would expose $2,600-$2,550 and increase the risk of a return into the previous consolidation.
Ethereum’s Q3 return stands near 67.57%, while the latest breakout keeps higher recovery targets in focus
Final Thoughts
Ethereum’s breakout above its recent consolidation has strengthened the bullish outlook, with the $2,631 support now acting as the main level to watch. If buyers continue defending this area, Ethereum price could extend towards $2,800 and $3,000, while the larger bullish flag target near $3,520 remains in focus.
Ethereum was trading at around $2,748, up 4.41% in the last 24 hours at press time. However, losing $2,631 could bring ETH back towards the $2,600–$2,550 region and weaken the current breakout. The next retest should reveal whether Ethereum is ready for another strong leg higher or needs more time to build support.
