Ethereum Price Analysis: ETH Eyes $3K, but These Major Hurdles Stand in the Way

Ethereum remains in a constructive broader structure despite cooling off after its latest rally. ETH is consolidating below $2.7K after rejection from the $2.75K-$2.82K resistance zone, while the daily moving averages are approaching a potentially important bullish crossover. ETH Price Analysis: The Daily Chart On the daily timeframe, Ethereum’s structure remains bullish following the explosive breakout from the $1.85K-$1.92K demand zone in August. Since then, the market has established a sequence of higher lows, with the ascending trendline continuing to provide structural support. The latest rally pushed ETH directly into the major $2.75K-$2.82K resistance zone, where selling pressure emerged and prevented an immediate breakout. The asset has since stabilized around $2.69K rather than undergoing a correction, suggesting buyers are still maintaining control of the broader structure. Another notable development is the convergence of the two displayed moving averages. The faster yellow average is rising sharply toward the slower orange average around the $2.05K-$2.10K region. If the faster average crosses above the slower one, it would form a golden cross and provide further technic...