Break back above $2,386 — now key support
Price has reclaimed prior resistance and is attempting to hold it as support, a constructive shift in short-term structure. Holding here keeps the higher low sequence intact

Momentum building, not overextended yet
RSI continues to climb without being overbought, suggesting there’s still room for continuation if buyers maintain control

EMAs still bearish, but improving
The 100/50 remain bearishly crossed, though both are flattening and beginning to slope upward — early signs of a potential shift in trend

Heavy resistance cluster above ($2,623–$2,650)
This zone, combined with the 200-day EMA, is the real test. Even with strength here, price is moving into a dense supply area that won’t break easily

In Summary
Ethereum has reclaimed the $2,386 level and is attempting to build support above it, signalling improving short-term structure. Momentum is rising without being overstretched, which supports the case for further upside. However, the broader trend remains fragile with key moving averages still bearishly aligned. The real challenge sits above in the $2,600+ region, where strong resistance and the 200-day EMA converge. Holding current levels keeps momentum intact, but rejection from higher zones remains a clear risk.