$ETH is approaching a critical phase as it trades near $2,550, shedding about 0.08% today. Technical analysis indicates a consolidation above key support around the 200‑day EMA (~$2,750), with a potential breakout target near $2,920 in the coming weeks . However, Ethereum recently experienced a sharp dip to $2,500 testing demand before rebounding . On-chain momentum—reflected in rising ADX and +DI readings—suggests a strengthening bullish trend . If ETH can decisively break above the $2,800–$2,900 range with volume, it may target $3,000 and beyond. Still, a failure to reclaim resistance could drag it back to $2,400. In short, Ethereum’s path hinges on its ability to conquer key technical zones—time and charts will reveal whether bulls or bears take control.