Ethereum Price Breakout: Will Bulls Clear Resistance at $2.7K?

Ethereum's price has been on a roll lately, pushing back into a major supply area. However, sellers have started to respond around the highs, causing the price to pull back towards $2.58K.

The daily chart shows that Ethereum's structure has improved significantly since breaking out from the $1.85K-$1.92K demand zone. The asset has consolidated above roughly $2.35K and recently pushed toward the major $2.63K-$2.70K resistance zone.

While the broader structure remains constructive, a sustained daily breakout through the $2.63K-$2.70K supply zone would strengthen the bullish structure and could open the path towards the next major resistance area around $2.90K-$3K.