- Ethereum broke past long-standing resistance and now consolidates under a key zone, setting up potential for a move to $3,300.
- Analysts confirm $2,700 support remains critical on lower timeframes, with $2,630 as the next level if weakness emerges.
- ETHBTC holds support and consolidates below resistance, maintaining bullish structure with 0.03 as the next notable resistance area.
Ethereum has maintained support across both higher and lower timeframes, with its current consolidation phase drawing attention from market analysts.
Ethereum Approaches Resistance After Breaking Through Key Supply
According to technical insights shared by Efloud, Ethereum ($ETH) recently breached a long-standing resistance level, referred to as the green box on the high timeframe (HTF) chart. This level had previously rejected price action twice but has now given way, allowing Ethereum to test the next resistance zone.
The current area where Ethereum faces resistance could prove pivotal. If momentum holds, and the price avoids forming a bearish structure or slipping below the previously broken zone, a move toward the $3,200–$3,300 range may follow. Efloud notes that such a move could trigger a liquidity sweep, marked on the chart by a distinct ellipse, signaling potential volatility if the zone is cleared.
These HTF levels remain largely consistent, ensuring a clearer outlook in Efloud’s ongoing bi-weekly research reports.
Lower Timeframe Supports Short-Term Ethereum Outlook
In a closer look at the lower timeframe (LTF), the green box from the HTF chart is matched with a blue box and a dashed zone, offering a refined view of support. This area is critical for short-term structure, and Efloud notes that it should hold during any price pullbacks to sustain bullish momentum.
The upper resistance zone on the LTF also overlaps with a key institutional level labeled “YO.” Should price decline below the $2,700 range, attention would then shift to the $2,630 green box, identified as the next possible support.
The alignment between HTF and LTF perspectives enhances clarity for traders navigating shorter-term volatility while tracking broader structural behavior.
ETHBTC Pair Consolidates Below Resistance Level
Efloud also shared an update on the ETHBTC pair, observing that the price has respected earlier support and now consolidates just below resistance. There are no deviations from previous forecasts, with the next resistance projected around the 0.03 level if a breakout occurs.
This consolidation phase aligns with Ethereum’s dollar performance, where holding above key zones remains essential for any continued upward movement.
