Ethereum Falters at $2.5K Resistance

Ethereum has made significant strides in its recovery from June lows, pushing past $1.5K and reclaiming the $1.9K zone before reaching a high of over $2K.

The cryptocurrency is now consolidating below $2.5K after this recent surge, but still struggling to overcome key resistance near that level.

A look at the daily chart shows an improved structure for Ethereum, with the price bouncing back from its June lows and making headway into new territory.