ETH/USDT on the 1-hour chartThe price recently broke out from a wedge pattern but has faced a minor correction after hitting resistance around $2,600.
The price is now retracing back to test the breakout level.
The nearest support is around $2,550-$2,537, indicated by both the trendline and the marked horizontal level.
ETH could continue its retracement toward the support, followed by another attempt to test the $2,670-$2,680 resistance zone.
A successful breakout beyond this zone could push prices toward the $2,700-$2,800 range, as drawn in the projection.
Let me know if you'd like further details on these charts!
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
