Ethereum is hovering around $2,700 following a strong recovery from summer lows near $1,500 recorded in June. Key resistance sits at the 2,700-2,800 zone, where ETH struggles to sustain a bullish breakout. The taker buy/sell ratio has dropped below the 1.0 level, signaling stronger selling pressure than buying demand across exchanges. On the 4-hour chart, ETH is trapped in a tightening compression pattern between roughly $2,600 and $2,800, with RSI at 46.8 reflecting neutral momentum. As long as the $2,400 support holds, the bullish structure remains intact, but a break below this level could trigger a significant pullback.
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