Ethereum is consolidating above $2,400 after a recent rally, with $2,400 being a critical support level for further bullish momentum.
Smart money is rapidly accumulating Ethereum, indicating growing confidence among institutional players and long-term investors.
A breakout above $2,800 is crucial for Ethereum to ignite a broader rally and potentially signal the start of a new altseason.
The current price action shows Ethereum trading around $2,493, with key support levels at $2,400 and potential resistance at $2,700 for further upside momentum.