Ethereum Price Analysis: Is ETH Heading Toward $2K After Another Rejection at $2.5K?

Ethereum is still trading around $2.4K after a sharp recovery from the $1.5K area. The latest charts show ETH consolidating beneath the $2.5K resistance region, while supply continues to tighten.

The technical structure remains constructive on the higher timeframe, although short-term momentum has weakened. Ethereum Price Analysis: The Daily Chart The daily chart shows a significant structural improvement compared with the June lows.

ETH formed a base around the $1.5K-$1.6K region before beginning a sustained recovery that eventually pushed the price above the $2K area and into the $2.5K zone. The most important near-term resistance is the $2.5K zone, where ETH has spent several weeks consolidating.

The price has repeatedly struggled to confirm a breakout above this range, and the latest candles show another rejection at this level. A decisive daily close above $2.5K could open the way toward the next major psychological resistance around $3K.