Analyst: If ETH breaks above the $2,470 resistance level, it could rise to $2,600.

According to FinanceFeeds, analysts note that Ethereum (ETH) has recently rebounded from the $2,200 support level—a confluence zone aligning with the pre-end-of-March resistance level, the lower Bollinger Band on the daily chart, and the 38.2% Fibonacci retracement level of the upward impulse wave i. Price is now approaching the key resistance level at $2,470—the endpoint of the prior upward impulse wave i. The report states that, given the strong momentum of the active wave (iii) and the broader three-wave structure—as well as the overall bullish sentiment across the crypto market—if ETH breaks above the $2,470 resistance, it is expected to advance toward the next resistance level at $2,600.