ETH broke out of its bull-flag formation at $2,660, climbing to around $2,675 and shifting market focus to upside targets near $3,050. Immediate resistance stands around $2,800, while a weekly close above $2,550 would open the door toward $3,000. The macro backdrop remains challenging: rising Treasury yields and a stronger dollar are pressuring risk assets, having already pushed the price back below $2,700 this week. A drop below $2,560 to $2,565 would weaken the setup, and a fall under $2,350 to $2,360 would entirely invalidate the bullish structure.
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