Ethereum Stalls at Key Supply Zone, Broader Structure Remains Constructive

Ethereum's recent rally has hit a snag, as it struggles to break through the $2.68K-$2.77K supply zone on the daily chart.

The asset is currently trading slightly above $2.7K, but weakening short-term momentum leaves the market vulnerable to a deeper pullback before another breakout attempt.

The broader structure remains constructive, with ETH continuing to trade above the rising trendline and both displayed moving averages.

A sustained breakout above the resistance boundary could open the way toward the $2.9K-$3K zone, but continued rejection would bring the $2.35K-$2.51K demand zone into focus.