Ethereum Holds Ground at $2.7K, $2.8K Resistance Zone Remains Key Hurdle

Ethereum is currently trading around $2.7K, having rejected the $2.8K resistance zone. Despite this, the broader upward structure remains intact, supported by the ascending trendline and moving averages.

The daily chart shows Ethereum consolidating around the $2.68K-$2.77K resistance zone, with several candles producing upper wicks within this area. This highlights persistent selling pressure, but the relatively shallow pullback suggests buyers remain active beneath resistance.

The immediate obstacle is the $2.68K-$2.77K supply zone. Holding above the channel midpoint around $2.67K could support another attempt to clear this barrier. A successful breakout would bring the upper channel boundary, currently around $2.8K-$2.82K, into focus.