Crypto
Ethereum Consolidation at $2.5K Tests Rally Momentum
Ethereum has been consolidating near $2,500 after its sharp recovery from summer lows.
The market's broader structure has improved significantly, but ETH is now approaching a meaningful resistance area, making the reaction at this range crucial in determining whether the rally can extend to higher levels.
According to CryptoPotato, the daily chart shows a substantial structural recovery from $1,500. Ethereum reclaimed the $1,900 zone and broke above the declining 100-day and 200-day moving averages that had capped the market for the first half of the year.