Ethereum Price Stuck Below $2.7K as Momentum Cools

Ethereum's recent price action has been a mixed bag, as it consolidates below $2.7K after a sharp recovery from June lows.

The charts show a constructive medium-term structure, with higher lows forming along the ascending trendline since the June low near $1.5K.

However, momentum has cooled after ETH failed to sustain its move into the $2.7K resistance area.

A decisive break below the rising white trendline could signal a more meaningful deterioration in the short-term structure.