Ethereum Breaks Out of Consolidation at $2.5K, But Momentum Becomes Stretched

Ethereum (ETH) has broken out of its multi-week consolidation structure and is now trading just below $2.5K after reclaiming several important resistance levels.

The daily chart shows a clear structural improvement, with ETH spending much of the summer consolidating between roughly $1.5K and $2K while remaining inside a descending channel.

The recent breakout above the upper trendline, the $2.1K resistance zone, and the 100-day and 200-day moving averages represents an important shift in market structure.

A sustained daily breakout above $2.5K would strengthen the bullish case and could expose the next major resistance region around $3.3K.