Ethereum Price Consolidation: $2,800 Resistance Level in Focus

Ethereum's price has been consolidating around $2,748.29 after a daily dip of 0.65%. Despite this minor decline, Ethereum extended its seven-day gain to 14.88%, with many market observers attributing this growth to aggressive whale accumulation and corporate treasury strategies.

The token's current price is still below the widely watched $2,800 resistance level, but a sustained daily close above this mark could potentially open a path towards $3,000, according to recent technical coverage.

Support for Ethereum has clustered near $2,700, with a deeper floor around $2,570-$2,600 if selling pressure returns. The 50-day and 200-day moving averages sit far below the current price at approximately $2,272.50 and $2,076.10 respectively.