Ethereum is still forming lower highs, indicating no clear trend reversal in sight.
Ethereum's upward momentum is weaker compared to Bitcoin and Solana.
Critical price levels to watch for Ethereum: $1,730 for short-term support, $2,132 for a potential bullish reversal, and $2,370/$2,410 as major resistance zones.
A successful breakout above $2,132 could pave the way for a new bullish wave.