<ul><li>Ethereum is experiencing short-term exhaustion post a strong rally and might be at risk of a local top if momentum fades.</li><li>ETH has broken above key moving averages and is consolidating near long-term support turned resistance. A close above could push towards $3,000.</li><li>On the 4-hour chart, ETH is holding above $2,600 after breaking out from a descending channel, with potential for a move towards $3,000.</li><li>Exchange netflows for ETH indicate accumulation and long-term holding, supporting bullish sentiment, but caution advised for extreme bullish positioning.</li></ul>

Ethereum Price Analysis: What Lies Ahead for ETH on its Way to $3K?

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