Ethereum's Crucial Resistance Zone Tests the Limits

Ethereum is pressing into a crucial resistance zone at $2.8K after weeks of consolidation above $2.4K, according to technical and on-chain analysis.

The cryptocurrency has been trading around $2.75K, with its chart structure showing a strong impulse from roughly $2.4K to $2.8K followed by sideways trade.

A clean break and hold above the $2.8K level would strengthen the continuation structure, while rejection could send Ethereum back toward the $2.4K support area, which is the base of the latest impulse and where the ascending trendline intersects.

On momentum, the 4-hour RSI is recovering and sits in the low-60s, favoring the upside without being an extreme reading.