Ethereum Price Consolidates Below Key Resistance Zone

Ethereum's (ETH) price is consolidating near $2,680 as buyers attempt to maintain its recovery and push through the next resistance zone. The market is showing signs of improving demand, but ETH still needs a confirmed breakout before a larger move towards $2,900 and $3,000 becomes more convincing.

According to Trader XO, the level that could trigger another upside expansion is around $2,720. If ETH fails to establish itself above this zone, the analyst's broader $2,300-$2,700 trading range would remain relevant.

A bullish checkmate pattern highlights the $2,650-$2,710 range as the key area for a possible second upward move. The next confirmation would come from buyers defending $2,650 and pushing ETH price above $2,710.