Ethereum trading is at a critical juncture as buyers continue to defend the $2,600 support zone in an attempt to stabilize the price following recent volatility. While this level keeps near-term declines in check, broader market pressures and a weakening structure have bears keenly on the lookout for a potential breakdown that could open the door to a deeper macroeconomic slowdown.

$2,600 is key support on the Ethereum 6H chart

On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has provided a solid basis for price action so far. As long as ETH continues to defend this area and avoid a clear candle near it, the broader structure remains constructive for a potential upside attempt.

With constant support, the analyst pointed to a rebound towards $3,050, followed by a possible move to around $3,150. These zones are seen as logical reaction levels where the price can either consolidate or encounter ephemeral resistance if buying momentum gradually strengthens.

However, for Ethereum to unlock a more significant bullish continuation, Özsüer stated that it needs to recover $3,350, which is referred to as box number two on the chart. A decisive close above this level, supported by robust volume, would open the door to higher price exploration.

If ETH fails to break through this resistance, it could cap the price and trigger another wave of selling. In this case, a deeper pullback towards the USD 2,400-2,100 support range becomes a real possibility. Özsüer also said that he has already taken a long position based on the $2,600 support on the 1-hour chart and is closely monitoring the price and plans to raise this position depending on how the momentum develops.

A loss of $2,710 bottoms out at $2,620

According to for crypto analyst Ardi, Ethereum is currently in breakout territory, with $2,710 serving as a key near-term support level. A tidy loss of this zone would likely accelerate downward pressure, bringing the $2,620 low into focus as the next area to test liquidity.

Ardi emphasized that the $2,450 region is the main line of defense for the broader market structure. Maintaining this level would be crucial to prevent a deeper structural breakdown, as a sustained move below this level could push Etherum into a much more precarious technical position.

Compounding downside risks, ETH/BTC remains in a robust downtrend, highlighting Ethereum’s continued underperformance compared to Bitcoin. This relative weakness suggests that volatility may remain elevated in the coming sessions, making the environment increasingly volatile for ETH holders.