Marina Lyubimova
⬤ Ethereum is stuck in consolidation below the major $2.1K level after getting rejected hard. The chart shows a well-defined high-timeframe resistance overhead that ETH needs to crack, while price action hints that a higher low might be forming during this consolidation phase.
⬤ The focus now is on whether bulls can push ETH back above that resistance zone and actually hold it there. It's not just about a quick spike—ETH needs to stay above the level and show real acceptance. Similar dynamics were covered when ETH tests critical $2.1K support on TheTradable, where the same zone was framed as a make-or-break area.
⬤ For a proper breakout, the market needs to see daily closes above $2.1K. If that happens, it would open the door for ETH to start climbing back into the mid-$2Ks instead of grinding against the same ceiling. This kind of resistance-led consolidation has been a recurring theme, much like when Ethereum price holds $2,000 support was discussed on TheTradable during earlier consolidation phases.
⬤ Right now, ETH is sitting directly against resistance after that big drop. Until the market delivers those daily closes above the region, Ethereum stays locked in this consolidation mode. It's the same pattern seen before when ETH struggles below key resistance, where momentum stalls until buyers step in with enough force to flip the level.
Marina Lyubimova
