Ethereum Price Tests Crucial Resistance Zone at $2,800

Ethereum's price has been steadily increasing, reaching $2,735.20 on the daily chart, up 3.44% or $90.98.

This move has brought Ethereum into the crucial $2,600, $2,800 resistance zone, which analysts have marked as a key test for the current rally.

The higher-timeframe analysis suggests a bullish Change of Character (CHoCH) after Ethereum moved away from the roughly $2,300 demand region and reclaimed the $2,483, $2,584 Fair Value Gap (FVG), which is now one of the main support areas to watch.

The technical picture remains constructive above $2,360, with the immediate question being whether Ethereum can clear $2,800. A break above this level could open the way toward $2,900 and then $3,200, $3,400, while if sellers defend the zone, the charts point toward $2,648, $2,580, and the $2,400 area as levels to watch during a potential retracement.