Ethereum Stalls at $2.5K Resistance Amid Consolidation

Ethereum has staged a sharp recovery from its June lows and is now consolidating below $2.5K after reclaiming several important technical levels.

The daily structure has improved, but ETH ($2,440.40 · Live) is still struggling at a key resistance area.

A clear structural recovery is visible on the daily chart from the $1.5K area, with ETH subsequently reclaiming the $1.9K zone and pushing above the $2K mark.

The most important development is the price moving above the previous swing-high area around $2.45K and creating a higher high after months of decline.

However, the asset is still sitting directly below the $2.5K resistance zone and has not yet cleared it after being rejected again today.