Crypto
Ethereum Price Consolidates Around $2.5K as Supportive On-Chain Signals Align
Ethereum's price has been consolidating after breaking above $2.1K and reaching as high as $2.5K, a significant structural improvement that suggests a bullish shift may be occurring.
The daily chart shows ETH reclaiming the $1.9K region and accelerating sharply higher, pushing through both the 100-day (~$1.9K) and 200-day (~$2.05K) major moving averages, which are now sloping upward.
A daily close above the current resistance zone around $2.45K-$2.55K would strengthen the bullish continuation scenario and could expose the next major resistance around $3K or higher.