<ul data-eligibleForWebStory="false"><li>Ethereum's price action on the 1-day chart is progressing as expected, showing steady progress within its bullish setup and holding above key support.</li><li>Ethereum faces resistance from a cluster of EMAs and needs to break above them to shift the short-term momentum back in favor of the bulls.</li><li>Barry from ChartMonkey noted Ethereum's weekly chart is steadily rising towards a critical resistance zone between $2,600 and $2,900, with a potential breakout towards higher targets upon surpassing $2,900.</li><li>Despite a short-term bearish outlook, ETH is in a bullish continuation zone, holding above an ascending triangle pattern on the 2-hour chart, with a potential surge towards $3,200 and possibly $4,000 in the coming months.</li></ul>

Ethereum Progressing Within Expected Range — Here’s What Lies Ahead

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