Ethereum's Extended Rally Leaves Room for Consolidation

Ethereum has seen a sharp breakout, pushing its price toward the $2.5K region.

This move has significantly improved ETH's market structure and indicates strong momentum in favor of bullish continuation.

However, with Ethereum now trading at an extended level, it becomes increasingly vulnerable to a temporary pullback or sideways consolidation if supply increases around the current resistance zone.

The $2.07K-$2.15K support area remains crucial, especially in case of a deeper correction, while the former $1.85K-$1.92K consolidation range serves as broader structural support.