<ul><li>Ethereum is trading above $2,600 with increased buying pressure, indicating a bullish trend in the market and reclaiming key resistance levels.</li><li>Glassnode data suggests $3,100 as the next major resistance for Ethereum, defining its current trading range and potential price direction.</li><li>The recent rally in Ethereum, up 98% since April 9th, has sparked speculations of a broader altseason as it shows sustained strength and surpasses critical levels.</li><li>ETH is consolidating around $2,604, approaching the 200-day SMA at $2,702.60, a crucial resistance level to break for further upside continuation.</li></ul>

Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details

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