Ethereum has rallied 35 % from the demand zone between $1.85K and $1.92K, decisively breaking through the descending trendline, major moving averages, and the $2.07K-$2.15K resistance zone. The price is now trading around $2.5K and testing the major resistance zone between $2.4K and $2.5K. With the RSI having entered overbought territory, ETH could experience a temporary pullback or sideways consolidation before attempting another move higher toward $2.51K. Key support levels to watch in case of a correction are $2.22K-$2.31K and $2.07K-$2.12K. Liquidity present on both sides of the current price suggests volatile action with liquidity sweeps in both directions before a sustained new trend establishes itself.
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