Ethereum Seeks Breakout at $2.58K Amid Increasing Seller Resistance

Ethereum's recent rally has carried its price back into a major supply area. However, sellers have started to respond around the highs.

The asset is now near $2.58K and the next reaction could determine whether this advance develops into a larger breakout or gives way to another consolidation phase.

Ethereum's daily structure has improved substantially following its explosive breakout from the $1.85K-$1.92K demand zone.

This move also reclaimed both major moving averages shown on the chart, with the longer-term average now flattening and the faster one turning higher.