Ethereum is showing renewed strength after climbing above the $2,600 mark with ease, holding firmly above key support levels as bulls attempt to reclaim momentum. The move comes after weeks of range-bound price action, and while the breakout attempt has gained attention, traders are now watching closely for confirmation through a decisive push above the next resistance zone.

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So far, ETH has held up well despite broader market volatility. With buyers back in control, the focus has shifted to whether Ethereum can break through the upper boundary of its current range and begin a sustained move higher. Without follow-through, price risks slipping back into consolidation, frustrating bullish positioning.

Top analyst Big Cheds recently shared a technical analysis highlighting that Ethereum is now pushing into weekly range highs, specifically a zone defined by a cluster of upper shadows and the underside of the 200-day moving average (DMA). This region has repeatedly acted as resistance, rejecting previous rally attempts.

Ethereum Bulls Eye Breakout Confirmation

Ethereum is at a critical juncture as bulls push price toward the $2,800 resistance — a level that must be decisively cleared to confirm a breakout and transition into a full bullish phase. After a sharp rebound from April’s low, where ETH traded near $1,400, the asset has surged more than 90%, reclaiming key moving averages and breaking through previous short-term resistance levels. Momentum is clearly building, but Ethereum now faces its most important test.

The $2,800 zone marks the top of the current range and coincides with multiple technical barriers. Cheds highlighted that ETH is now trading into weekly range highs, where a cluster of upper shadows has repeatedly rejected price. This region also aligns with the underside of the 200-day moving average (DMA), reinforcing it as a major zone of resistance. According to Cheds, the bear thesis fails if ETH can flip $2,750 into support — a level that would likely signal trend reversal and sustained upside.

However, macro risks remain. US Treasury yields continue to climb, reflecting concerns over inflation and tighter financial conditions. Rising yields often put pressure on risk assets, including cryptocurrencies, by pulling liquidity out of speculative markets.

Despite these headwinds, Ethereum’s structure remains strong. As long as bulls maintain pressure and defend higher lows, the path toward reclaiming $3,000 becomes more probable. A confirmed breakout above $2,800 would likely trigger increased participation, both from technical traders and investors sidelined by recent volatility. Until then, ETH remains rangebound — but the momentum is clearly shifting in favor of the bulls.

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ETH Reaches Key Resistance Zone After Breakout

Ethereum is currently trading at $2,688 on the 4-hour chart, after a strong breakout from a multi-day ascending triangle structure. The move was backed by rising volume and a clean reclaim of all major moving averages — the 50 SMA ($2,558), 100 SMA ($2,571), and 200 SMA ($2,535) — which now act as support beneath price.

ETH has pushed directly into a key resistance zone between $2,690 and $2,735, highlighted by several previous rejection wicks. This area has acted as a supply zone since mid-May, capping every breakout attempt and leading to swift pullbacks. The current test marks Ethereum’s fifth attempt to break above this level in recent weeks, which increases the odds of a potential breakout, especially if bulls maintain momentum and volume remains elevated.

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However, if ETH fails to clear this zone, a pullback toward the 200 SMA or the $2,600 level is likely, especially if volume tapers off. The structure remains bullish in the short term, with higher lows forming and buying pressure increasing.

A confirmed 4H close above $2,735 would signal breakout confirmation and likely trigger a push toward $2,900–$3,000. Until then, ETH remains rangebound — but bulls are clearly pressing on the door.

Featured image from Dall-E, chart from TradingView

What just happened? The European Commission has just hit Apple and Meta with combined fines of almost $1 billion. It marks the first fines handed out by the Commission under its Digital Markets Act (DMA), and arrives just after President Trump threatened to levy tariffs against any countries that penalize US companies.

Apple was handed the larger fine of 500 million euros ($570 million), while Meta has to pay 200 million euros ($228 million), making a combined total of 700 million euros, or $797 million.

In addition to its $570 million fine, Apple has been slapped with a cease-and-desist order requiring it to make further product changes by June. If it fails to comply with this order, the Commission can fine it for every additional day it refuses to cooperate.

The penalties come after a year-long investigation in which the Commission found that Meta forced Facebook and Instagram users to either pay a subscription fee to avoid ads or consent to their personal data being used for targeted advertising.

In response to the Commission’s findings, Meta has modified its ad approach in the EU, now offering unpaid users a version of the platforms with fewer unskippable, full-screen personalized ads. However, in a compliance report published on March 6, the company argued that it has “continued to receive additional demands that go beyond what is written in the law,” despite taking steps to align with the DMA. The Commission is currently examining this model to determine if it complies with the rules.

Apple, meanwhile, broke the DMA’s steering rule. This requires gatekeepers – Apple, Meta, Alphabet, Amazon, ByteDance, and Microsoft – to allow business users (like app developers or online sellers) to steer customers to offers or alternative distribution channels outside the gatekeeper’s platform, without penalties or restrictions.

There was some good news for the companies. The Commission has also closed an investigation into Apple’s compliance with the DMA’s rules on browsers and default apps following changes that it introduced. Moreover, Facebook’s Marketplace will no longer be designated as a regulated service, so it will no longer fall under the DMA’s remit.

An Apple representative said it will appeal the decision, which it called “yet another example of the European Commission unfairly targeting” the company and forcing it to “give away (its) technology for free.”

“We have spent hundreds of thousands of engineering hours and made dozens of changes to comply with this law, none of which our users have asked for. Despite countless meetings, the Commission continues to move the goal posts every step of the way,” the representative said.

Meta said it also plans to appeal the ruling.

“The European Commission is attempting to handicap successful American businesses while allowing Chinese and European companies to operate under different standards,” said Joel Kaplan, Meta’s chief global affairs officer. “This isn’t just about a fine; the Commission forcing us to change our business model effectively imposes a multi-billion-dollar tariff on Meta while requiring us to offer an inferior service. And by unfairly restricting personalized advertising the European Commission is also hurting European businesses and economies.”

Apple and Meta must pay the fines within 60 days or risk further financial penalties. Under its rules, the Commission could have fined Meta up to $16 billion and Apple $39 billion based on their earnings last year.