<ul><li>Ethereum has paused its rally near $2,740 after clearing key resistance levels, with analysts anticipating a period of consolidation before the next leg higher.</li><li>Analyst Daan highlights the importance of the $2,400 level for Ethereum's price action, advising caution due to extremely high levels of Open Interest in ETH derivatives market.</li><li>A crucial retest around $2.4K awaits Ethereum, with potential consolidation or correction expected as analysts suggest a key support zone at $2,400.</li><li>Ethereum currently consolidates around $2,565 after a retracement from $2,740, with focus on maintaining support levels to sustain bullish momentum and potential breakout above $2,700.</li></ul>

Ethereum Eyes $2.4K Retest – Analyst Sets Key Levels To Watch

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