Ethereum hinges on $2,675 for potential rally to $3,000 amid consolidation

The pattern exhibits ongoing consolidation within a well-defined support and resistance range, with the 50 and 100 moving averages leveling off — indicating market hesitation. Slightly reduced trading volume further supports the notion that traders are awaiting a significant trigger. If Ethereum can confidently reclaim the $2,675 level and sustain momentum above $2,700, a rally towards the $2,850–$3,000 range may materialize. Until that occurs, the price may remain trapped within this narrow band. Maintaining the current support zone is critical to prevent a decline toward lower levels around $2,400, which could turn market sentiment bearish.