Ethereum’s Price Under Pressure: Analyzing Key Resistance Points

Ethereum’s price is currently facing significant resistance at critical levels, prompting analysis of the crypto market’s next direction. Trading between $2,400 and $2,800 indicates a challenging point for Ethereum as buyers struggle to push prices higher while sellers exert pressure. Notably, the upper boundary at around $2,800 repeatedly causes price dips. However, demand around $2,400 provides a solid foundation. Analysts expect this price consolidation may soon shift the market, with potential gains or declines depending on how it unfolds.