Ethereum Progressing Within Expected Range — Here’s What Lies Ahead

Key Points

1. Ethereum price remains well-structured, holding above key support levels, with potential for a bullish breakout if it reclaims the $2,600 resistance level.

2. Analysts highlight a critical resistance zone between $2,600 and $2,900; a break above $2,900 could trigger further bullish momentum.

3. On the 4-hour chart, Ethereum is up 7.58%, trading around $2,593, with steady ETF inflows supporting the upward trend.

4. Technical projections suggest Ethereum could surge toward $3,200 or even $4,000 if key support levels hold and bullish sentiment continues.

5. Large transaction volumes have risen by 55%, but whales show no signs of selling, indicating potential confidence in Ethereum's price stability.