Ethereum Price Analysis: What Are ETH’s Key Levels After the Breakout?

Ethereum has staged a decisive breakout from the multi-week consolidation structure, with ETH now trading just below $2.5K after reclaiming several important resistance levels. The move has significantly improved the higher-timeframe structure, although momentum has become stretched and ETH is currently testing a major resistance zone.

Ethereum Price Analysis: The Daily Chart

The daily chart shows a clear structural improvement. ETH spent much of the summer consolidating between roughly $1.5K and $2K while remaining inside a descending channel. The recent breakout above the upper trendline, the $2.1K resistance zone, and the 100-day and 200-day moving averages represent an important shift in market structure.