Ethereum Price Analysis: $3K Back in Play After ETH Reclaims $2.5K

Ethereum is attempting to convert its post-rally consolidation into a continuation setup. It remains compressed near the upper end of the range, and a sustained breakout could provide the foundation for another bullish leg, although the recent CPI-driven fakeout highlights the need for confirmation. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH continues to hold the substantial gains generated by the explosive August breakout. More importantly, the market has avoided a meaningful retracement despite repeatedly testing the $2.43K-$2.52K area, suggesting that sellers have so far been unable to force price back toward the lower support zones. The current consolidation is taking place around the $2.45K-$2.52K resistance zone, with ETH now trading near $2.52K. A convincing daily breakout and close above this region would strengthen the bullish structure and could open the way toward higher prices. In that case, the next major resistance visible on the chart sits around the $2.92K-$3.03K zone. However, the market still needs to establish acceptance above the current resistance. Failure to do so would leave ETH vulnerable to another rotation inside the range. The $2...