Ether’s Path Toward $3,000 Runs Through $2,770 Resistance
Ether is consolidating above $2,700 after a rally from the $1,850-$1,920 support zone, while weakening momentum leaves the recovery vulnerable to a pullback.
Ether (ETH) is consolidating above $2,700 after a rally from the $1,850-$1,920 support zone, with repeated selling pressure at resistance limiting the recovery.
Selling pressure has repeatedly rejected the $2,680-$2,770 resistance zone, leaving Ether below the level needed to extend the advance toward $3,000. A sustained break above $2,770 and the recent high near $2,800 would put the $2,900-$3,000 area in focus.
The broader recovery structure remains intact. Ether is trading above a rising trendline and two moving averages, while a bullish crossover near $2,100 supports the recovery. The relative strength index has eased toward 60, showing that momentum has cooled while remaining above neutral.
On the four-hour chart, Ether is testing ascending support around $2,650-$2,660 after another unsuccessful attempt to move into the resistance zone. A decisive break below that trendline would expose support near $2,600 and the earlier swing low around $2,560. The $2,440-$2,480 demand zone is the next lower area highlighted for buyers.
Estimated liquidation concentrations remain positioned on both sides of the current price. The most prominent nearby downside band is around $2,620, while additional concentrations extend toward $2,550-$2,600. Above the market, liquidity is concentrated around $2,750-$2,780 and near $2,800.
Ether is therefore positioned between two significant estimated liquidation zones. A break through either the ascending support or overhead resistance could trigger a sharper move as leveraged positions unwind.
