Ethereum (ETH) is consolidating below $2,700 after being rejected from the $2,750-$2,820 resistance zone. On the daily chart, the structure remains bullish with an ascending trendline providing structural support, while moving averages are approaching a golden cross that would confirm a trend shift in favor of buyers. A breakout above resistance would target the $2,900-$3,000 supply zone, with key support in case of a deeper pullback located between $2,360 and $2,520. On the 4-hour chart, price is compressing between the ascending trendline and resistance, with the densest liquidation concentrations around $2,780-$2,820 and $2,600-$2,620.
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