Ethereum Price Analysis: ETH Eyes $3K, but These Major Hurdles Stand in the Way

Ethereum remains in a constructive broader structure despite cooling off after its latest rally. ETH is consolidating below $2.7K after rejection from the $2.75K-$2.82K resistance zone, while the daily moving averages are approaching a potentially important bullish crossover.

ETH Price Analysis: The Daily Chart On the daily timeframe, Ethereum’s structure remains bullish following the explosive breakout from the $1.85K-$1.92K demand zone in August.

Since then, the market has established a sequence of higher lows, with the ascending trendline continuing to provide structural support.

The latest rally pushed ETH directly into the major $2.75K-$2.82K resistance zone, where selling pressure emerged and prevented an immediate breakout.