Ethereum’s Price Stalemate: Analyzing Potential Breakout Scenarios

Ethereum (ETH) has been trapped in a price range between $2,400 and $2,800 for several weeks, posing a crucial test for investors. While the $2,700-$2,800 level continues to act as a significant resistance point for buyers, demand remains strong around the $2,400 mark. Experts believe this price consolidation will eventually resolve, with possible breakout scenarios. A break above this resistance could push ETH towards the $3,300 target, while a decline below $2,700 could trigger a new correction wave toward $2,200.