Ethereum Price Analysis: ETH Looks Ready to Rally – But Is a Pullback Coming First?

Ethereum’s explosive breakout has shifted the broader structure decisively in favor of buyers, but the rally has now encountered a major resistance zone.

With ETH pulling back after reaching roughly $2.55K, the market appears to be entering a corrective phase following the highly impulsive advance. ETH Price Analysis: The Daily Chart On the daily timeframe, Ethereum has completed a major structural breakout.

The asset initially consolidated around the $1.83K-$1.97K decision-point zone before launching higher and decisively breaking the long-standing descending trendline that had capped the market for months.

The rally subsequently cleared the $2.07K-$2.15K breaker-block zone without much hesitation and extended into the major $2.44K-$2.51K resistance area. Ethereum briefly pushed above this zone toward $2.52K before sellers stepped in, with the price now retreating to around $2.39K.