Ethereum is attempting to convert its post-rally consolidation into a bullish continuation setup. The price has reclaimed the $2.5K level and is currently trading around $2,520, with a daily close above $2,520 opening the way toward the $2,920 to $3,030 resistance zone. The 4-hour chart shows that a fakeout above $2,560 during CPI volatility was not sustained, requiring durable acceptance above this level to confirm a genuine breakout. The 90-day Spot Taker CVD has shifted back into buyer territory, indicating renewed taker-buy dominance that is constructive for the current consolidation above $2.5K.
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