<ul><li>Ethereum is testing a crucial resistance line near the 200-day moving average at $2.5K, leading to a consolidation phase.</li><li>Market structure and momentum suggest a potential bullish breakout in the mid-term despite the possibility of a short-term correction due to overbought conditions.</li><li>On the daily chart, a breakout above $2.5K could indicate a broader bullish reversal, with a target towards $3K, while a consolidation phase within $2.1K–$2.5K range is likely in the short term.</li><li>The 4-hour chart shows Ethereum's rally stalling at $2.5K, forming a bullish continuation wedge, hinting at a potential breakout or correction depending on the pattern's development.</li></ul>

Ethereum Price Analysis: ETH Testing Crucial Resistance Line, Is $3K Next?

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