🚨Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis💸🚀

📌The Daily Chart

💬ETH is currently consolidating between the 100-day and 200-day moving averages, entering a decisive phase in its price action.

After breaking above the pivotal 200-day MA around $2.5K, an area that has acted as strong resistance in recent weeks, the price has pulled back to retest this level. This pullback is crucial: if bullish demand resurfaces and holds ETH above this moving average, it would likely ignite another leg upward, targeting the $2.8K resistance zone.

For now, the cryptocurrency appears to be range-bound between $2.5K and $2.8K, and a clear breakout from this zone will likely set the stage for the next significant trend direction. Market participants are closely watching for bullish continuation, which could solidify ETH's reversal structure.