• ETH rejected at $2,875, now trading near $2,500 as volatility returns.

• Key support levels at $2,600 and $2,700 will determine the next move.

• A reclaim of $2,800 could pave the way for a push to $3,000.

Ethereum (ETH) recently surged past the psychological $2,800 level, triggering optimism of a sustained breakout and potential altcoin season. However, the rally was short-lived. After peaking near $2,875, ETH pulled back sharply, returning to retest key support levels. This price action has left traders divided. Can Ethereum hold its structure and resume upward momentum, or is a deeper correction brewing?

As of June 13, ETH is trading near $2,511, down nearly 8.8% in the last 24 hours. While short-term volatility has returned, Ethereum continues to show signs of resilience and technical strength, particularly when viewed through multi-timeframe analysis.