Ethereum Price Analysis: ETH Holds Bullish Structure, but $2.8K Remains the Key Hurdle

Ethereum is holding at $2.7K after another rejection from overhead resistance. Buyers have preserved the broader upward structure, but a sustained breakout is still needed to turn the current consolidation into a fresh bullish leg. Ethereum Price Analysis: The Daily Chart On the daily chart, Ethereum continues to consolidate around the lower boundary of the $2.68K–$2.77K resistance zone. Several candles have produced upper wicks within this area, highlighting persistent selling pressure. However, the relatively shallow pullback suggests that buyers remain active beneath resistance. The broader outlook remains constructive, with ETH trading above the ascending trendline and both displayed moving averages. The yellow moving average has crossed above the orange average and continues to rise, reinforcing the recovery structure. This bullish crossover provides a supportive backdrop, although price still needs to clear the nearby supply zone. A decisive daily close above $2.77K, followed by a break of the recent high around $2.8K, could pave the way toward the $2.9K–$3K resistance zone. Conversely, a loss of the consolidation lows around $2.64K would increase the likelihood of a deeper c...