Ethereum (ETH) Sustains Rally Above $2,560 With Eyes on $2,760 Target

Key Takeaways

• ETH is currently changing hands near $2,664 following a successful breach of its September consolidation zone.
• The cryptocurrency surged past the critical $2,560 threshold and successfully maintained support during a pullback test.
• Technical analysis reveals price action touching $2,700, positioning $2,760 as the subsequent key resistance level.
• The Relative Strength Index stands at 67.16, indicating robust bullish momentum without entering overbought territory.
• The MACD indicator has flipped bullish once more, reinforcing the validity of the current upward move.

On September 21, Ethereum (ETH) climbed above the $2,600 mark after successfully penetrating a resistance barrier that had limited upside movement throughout the previous month.

Ethereum (ETH) Price

The digital asset began the session near $2,645 and peaked at $2,700 during intraday trading. At the time of analysis, ETH was hovering around $2,664.

This recent price action represents a continuation of Ethereum’s rebound from the June trough around $1,500, with the daily timeframe displaying consecutive higher lows since that period.

An ascending trendline originating from the June bottom continues to hold firm. This support structure has underpinned the overall recovery trajectory throughout the summer months and into September.

Late August witnessed significant upward momentum for Ethereum, with prices advancing from the sub-$1,900 region to above $2,300. Following this surge, the token entered a narrower trading range before executing the current breakout.

Key Resistance Level Successfully Breached

The most significant chart development centers on the decisive move above the $2,560 price zone. ETH successfully cleared this barrier and has continued trading above it since.

Market analyst Ali Charts characterized this price action as a validated breakout. Through a post on X, he noted that Ethereum had cleared the $2,560 level, confirmed it as new support through a successful retest, and was now advancing toward higher targets.

According to Ali Charts, his focus has shifted to $2,760 as the next significant resistance zone, contingent on the breakout pattern holding firm.

This target lies beyond the current session high of $2,700. Consequently, a sustained move through $2,700 would bring the $2,760 zone into immediate focus for traders.

The previous resistance band spanning $2,500 to $2,560 has now transitioned into the primary support region on the chart. Maintaining price action above this range would preserve the integrity of the breakout formation.

Technical Indicators Signal Growing Strength

The momentum profile for Ethereum has shown notable improvement. The daily Relative Strength Index currently registers 67.16.

Source: TradingView

This positioning keeps RSI beneath the widely monitored 70 threshold that typically signals overbought conditions. The current reading demonstrates strengthening buying activity while avoiding excessive bullish sentiment.

The MACD is also trending upward again after the September consolidation period. The MACD line currently sits around 80.47, while the signal line reads 75.22.

The histogram has shifted back into positive territory at approximately 5.25. This development indicates that near-term momentum has gained strength in tandem with the breakout move.

The broader chart perspective shows Ethereum still trading beneath the levels observed in early 2026, when ETH approached the $3,000 mark.

At present, ETH maintains its position above the $2,560 breakout zone after touching $2,700, with Ali Charts monitoring $2,760 as the next meaningful upside objective.

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