Review of Ethereum's Cost: Does its Recent Rise Above $2.5K Indicate Future Growth?

Ethereum recently surpassed the 200-day moving average, a typically bullish signal, but the lack of strong momentum and weak market participation suggests a continued sideways consolidation. The price is currently trapped between the 200-day moving average and a critical $2.8K resistance level, with a decisive breakout needed to establish the main trend. On a shorter timeframe, Ethereum’s rally was stalled at a bearish order block between $2,625 and $2,670.

With the current lack of trading volume and diminished bullish momentum, the potential for another rejection at the overhead resistance is high, indicating that Ethereum is expected to remain range-bound. The Binance Liquidation Heatmap indicates that significant liquidation events are likely just above the $2.6K mark, suggesting that Ethereum’s price may gravitate toward this region. A substantial liquidity pool below the $2.5K level also suggests a possible downward move.