Ethereum's price remains near $2,500 as the broader crypto market searches for direction.
Analysts are observing whether ETH will break out or continue sideways as it did in mid-2023.
Currently, ETH is trading between support near $2,360 and resistance around $2,750 with lower volume.
ETH is valued at $2,517.90, down 8.96% over the past week, with a trading volume of $14.93 billion.
Despite the recent dip, Ethereum's market cap stands strong at $303.96 billion, indicating ongoing investor interest.
Key points to monitor include support at $2,360–$2,400, a breakout above $2,750 for bullish confirmation, and the possibility of a prolonged sideways movement.
Low trading volume could suggest market indecision or fatigue.
Short-term expectations for ETH are currently subdued, with the potential for a breakout if macro catalysts or ETF news emerge.
Patience may be necessary for traders as Ethereum continues to consolidate.
The article discusses Ethereum's price stagnation and the factors that could impact its future movement.