Ethereum has experienced a 14% surge recently, pushing into key resistance levels and testing critical thresholds, sparking optimism among investors.
Top analyst Daan highlights that Ethereum is rangebound between $2,475 and $2,735, with the price retesting the range high of $2,735 for the fourth time.
Despite testing key thresholds, Ethereum's price action has shown indecision, with some analysts foreseeing a breakout to higher prices while others predict a correction.
The price of Ethereum currently sits at $2,690.46 on the 1-day chart, with key resistance at $2,750, a level that, if cleared decisively, could pave the way for a push toward $3,000.