While the bullish trend remains intact, Ethereum is entering a key consolidation range. A successful retest of $2.8K could ignite the next wave toward $3.3K and beyond.
Technical Analysis
By ShayanMarkets
The Daily Chart
ETH has recently seen a notable influx of buying pressure, breaking above the key $2.8K resistance, which had acted as a persistent barrier in recent months. This breakout has led to the formation of a higher high, signaling a shift toward a bullish market structure on the daily timeframe.
However, Ethereum now finds itself trading within a critical range between $2.8K and $3.3K, where a short-term consolidation phase is likely. The upper boundary of this range also aligns with a bearish order block, suggesting potential supply and selling pressure at this level.
If Ethereum manages to break above the $3.3K resistance, the next bullish target would likely be the $4K psychological threshold, a major technical and psychological level.
The 4-Hour Chart
On the lower timefr
We współpracy z: https://cryptopotato.com/ethereum-price-analysis-will-eth-pull-back-to-2-8k-before-next-leg-up/
