Ethereum successfully broke through the key resistance level of $2735 on June 10, closing stable above that level, with long positions showing an intention to control the market.

From a technical perspective, the 20-day moving average has turned upward, and the RSI indicator is close to the overbought zone, all of which are strong bullish signals. The short-term target may directly point to 3133 USD.

Of course, the bearish forces are still present, and they may try to pull the price back below $2735 to create the illusion of a failed breakout. However, as long as the price can hold above the $2735 support, or if there is a strong rebound at the 20-day moving average around $2594, then Ethereum is likely to continue upward to $3000 and further challenge $3133.

It is important to be cautious that if the price cannot maintain its current level and breaks below the 20-day moving average support at $2594, it could mean that the breakout at $2735 is just a false signal. In this case, the market may be luring more investors in, only to subsequently perform a shakeout.

Overall, Ethereum is currently at a key technical position, and the subsequent trend will depend on whether it can effectively hold the recently broken support level.