Ethereum Consolidation at $2.5K: Will Bullish Momentum Continue?
Ethereum (ETH) has been consolidating after a sharp breakout from the $1.9K area, currently trading below $2.5K.
The technical structure has improved significantly, with ETH reclaiming the $2K region and breaking above both the 100-day (~$1.9K) and 200-day (~$2.05K) major moving averages.
A daily close above the $2.45K-$2.55K resistance zone would strengthen the bullish continuation scenario, potentially exposing the next major resistance around $3K.