Ethereum Price Analysis: Consolidation at $2.5K Tests Momentum as On-Chain Activity Surges

Ethereum has been consolidating near $2.5K after a sharp recovery from the summer lows. The broader structure has improved considerably, but ETH is now approaching a meaningful resistance area, making the reaction at the current range important in determining whether the rally can extend toward higher levels. Ethereum Price Analysis: The Daily Chart The daily chart shows a significant structural recovery from the $1.5K area. ETH subsequently reclaimed the $1.9K zone and, more importantly, broke above the declining 100-day and 200-day moving averages that had capped the market for the first half of the year. The breakout accelerated once ETH moved through the $1.9K region, with the price almost surging vertically. The market is now trading around $2.43K and has established a consolidation just below the $2.5K area. The moving averages have also turned more constructive, with both now rising, but yet to print a bullish crossover. A strong daily breakout above the $2.5K zone would strengthen the bullish structure and could expose the next major resistance around $3K. Beyond that, the larger supply zone sits around $3.3K. On the downside, the $2K area is the first major structural supp...