Ethereum Price Analysis: What Are ETH’s Key Levels After the Breakout?

Ethereum has staged a decisive breakout from the multi-week consolidation structure, with ETH now trading just below $2.5K after reclaiming several important resistance levels.

The move has significantly improved the higher-timeframe structure, although momentum has become stretched and ETH is currently testing a major resistance zone. Ethereum Price Analysis: The Daily Chart The daily chart shows a clear structural improvement.

ETH spent much of the summer consolidating between roughly $1.5K and $2K while remaining inside a descending channel.

The recent breakout above the upper trendline, the $2.1K resistance zone, and the 100-day and 200-day moving averages represent an important shift in market structure. The breakout was followed by an exceptionally strong impulsive move toward the $2.5K area.