Ethereum is consolidating below a key resistance zone after a 50% monthly surge.
Price is between the 200-day and $2,800 supply level with the 100-day moving average providing support around $2,100.
RSI shows a bearish divergence, indicating a possible correction in the coming weeks.
Open interest in Ethereum has surged, suggesting bullish sentiment but also potential risks of liquidation-driven pullback if resistance at $2.8K is not cleared.