Ethereum Bulls Eye $3K Again Amid Consolidation Above $2.4K

Ethereum has been consolidating above $2.4K for several weeks and is now pressing into an important resistance area around $2.8K.

The daily chart shows a clear bullish structure, with Ethereum having formed higher lows along an ascending trendline since its June low near $1.5K.

ETH has moved decisively above both the 100-day and 200-day moving averages, and these indicators are now sloping upward, indicating a clear shift in market structure after months of correction.

A daily close above the $2.8K resistance zone would bring the next major resistance area, a bearish order block around $3K, into focus.