Ethereum Consolidates After May Rally: Why Analysts Are Watching $3K Level

Following a strong rally in May, Ethereum is consolidating, trading near the $2,500 level. Analysts are closely watching this price range as it suggests potential future movement. While recent volatility has dipped slightly following the breakout from its previous sideways pattern, the long-term trend remains bullish. The upward momentum is evident through sustained volume and active participation in the market.