<ul><li>Ethereum is in a bullish rally and approaching a critical resistance zone around $2.6K—$2.7K, with potential for a breakout to $3K+ or a retracement.</li><li>Technical analysis shows that ETH has broken through multiple resistance levels and is now near the 200-day moving average, with RSI signaling potential exhaustion.</li><li>On the 4-hour chart, Ethereum had a breakout from a descending channel and is consolidating around $2.6K, with a possibility of correction towards $2.1K before further upside.</li><li>Sentiment analysis reveals slightly positive funding rates and increasing open interest, indicating bullish sentiment but caution is advised for a potential pullback if key resistance is not breached.</li></ul>

Here’s What Can Send ETH Above $3K: Ethereum Price Analysis

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