Ethereum Price Analysis: Consolidation at $2.5K Tests Momentum as On-Chain Activity Surges

Ethereum has been consolidating near $2.5K after a sharp recovery from the summer lows.

The broader structure has improved considerably, but ETH is now approaching a meaningful resistance area, making the reaction at the current range important in determining whether the rally can extend toward higher levels.

Ethereum Price Analysis: The Daily Chart The daily chart shows a significant structural recovery from the $1.5K area.

ETH subsequently reclaimed the $1.9K zone and, more importantly, broke above the declining 100-day and 200-day moving averages that had capped the market for the first half of the year.