<ul><li>Ethereum is consolidating above $2,500, indicating renewed bullish momentum and potential for a parabolic move.</li><li>Market sentiment is positive with speculation of a broader altcoin bull phase, and Ethereum's multi-year consolidation suggests a breakout possibility.</li><li>Traders are closely monitoring key resistance levels at $2,700 and $3,100 to confirm the consolidation thesis and anticipate a new rally.</li><li>Bulls are defending key support levels, with Ethereum trading around $2,617 and showing signs of strength, potentially targeting $2,800 and $3,000.</li></ul>

Ethereum Multi-Year Consolidation Could Spark A Parabolic Move – Details

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