Ethereum Price Awaits Breakout Above Key Resistance Zone

Ethereum's price remains in a bullish structure as it consolidates below a key resistance zone, according to recent data. The cryptocurrency has maintained this position since June, but upward momentum has slowed due to its narrow consolidation range.

The current trading volume is $7.53 billion, with a market capitalization of $225.18 billion at the time of writing. Ethereum's price structure and whale buying activity indicate a bullish reversal ahead.

A recent whale accumulation saw 19,000 ETH valued at around $35.44 million transferred from Gemini to staking, further reducing exchange supply and reinforcing long-term confidence in Ethereum.