Recent price action analysis indicates that #ETH is testing a significant resistance zone between $2,600 and $2,700. A successful breakout above this range could signal a mid-term bullish trend, potentially propelling the price toward the next critical resistance at $2,800. Conversely, failure to surpass this resistance may lead to a bearish consolidation, with the price possibly retracing to the $2,300 support level. #ETH🔥🔥🔥🔥🔥🔥

On-chain metrics, such as the Taker Buy-Sell Ratio, indicate increased buying activity in the futures market, suggesting optimism among traders regarding ETH's short-term prospects. A ratio above 1 reflects buyer dominance, often associated with the onset of a #BullishMomentum .