Ethereum Price Range-Bound as Bulls Eye $3,000

The Ethereum price is currently trading at $2,486.72 with a 24-hour trading volume of $13.71 billion and a market capitalization of $303.56 billion.

Crypto analyst Crypto Patel notes that the ETH price has been consolidating within a well-defined range after its recent sharp upward move, with resistance at $2,520-$2,530 and support at $2,360-$2,370.

A confirmed 2-hour candle close above $2,530 could validate a bullish breakout and strengthen the possibility of the Ethereum price advancing toward $3,000.