Ethereum has completed a decisive breakout from its multi-week consolidation structure, with ETH currently trading around $2,490, just below the psychological $2,500 level. The cryptocurrency cleared the $2,100 resistance along with the 100-day and 200-day moving averages, marking a significant shift in market structure. ETH is now testing a major resistance zone between $2,450 and $2,500. A sustained daily close above $2,500 would open the next major resistance around $3,300, while the first support zone sits at $2,100. The Coinbase Premium Index, which had been predominantly negative, is recovering but has not yet turned clearly positive, limiting confirmation of strong US spot market demand.
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