Analyst: If ETH breaks through the resistance level of 2470 USD, it is expected to rise to 2600 USD

According to FinanceFeeds, analysts pointed out that Ethereum (ETH) has recently rebounded from the support level of $2200, which coincides with the resistance level before the end of March, the lower band of the daily Bollinger Bands, and the 38.2% Fibonacci retracement level of the upward impulse wave i. The current price is approaching the key resistance level of $2470 (which is the endpoint of the previous upward impulse wave i).

The report noted that, given the active wave (iii) and the strong momentum of wave 3, as well as the overall bullish sentiment in the crypto market, if ETH breaks through the $2470 resistance level, it is expected to rise to the next resistance level of $2600.