Ethereum Price Analysis: $3K Back in Play After ETH Reclaims $2.5K

Ethereum is attempting to convert its post-rally consolidation into a continuation setup.

It remains compressed near the upper end of the range, and a sustained breakout could provide the foundation for another bullish leg, although the recent CPI-driven fakeout highlights the need for confirmation.

Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH continues to hold the substantial gains generated by the explosive August breakout.

More importantly, the market has avoided a meaningful retracement despite repeatedly testing the $2.43K-$2.52K area, suggesting that sellers have so far been unable to force price back toward the lower support zones.