Q3 tends to be slower for Ethereum, with reduced market activity and lower liquidity, making it a wait-and-watch period for traders.
ETH is testing critical resistance at $2,544, which could trigger a bullish trend if broken, with $2,760 and $3,000 as the next targets.
The key support is at $2,400 and $2,100, and the resistance is at $2,544, $2,760, and $3,000.
Ethereum is at a crossroads as it faces a critical resistance level at $2,544, testing the 200-day Simple Moving Average. Traders need to watch for a potential breakout or rejection at this level to determine the next market direction.