Ethereum Faces Critical Resistance at $2,800 After Bullish Market Shift

Ethereum has reclaimed its 200-day moving average and shifted its higher-timeframe structure to bullish following a rally that began in August. Analysts, including Daan Crypto Trades and Michaël van de Poppe, identify the $2,800 level as the primary resistance barrier. Clearing this zone could pave the way for a move toward $3,000 and beyond. Additionally, data from analyst CW indicates a significant reduction in high-leverage positions, with long positions currently at approximately $2.1 billion and shorts at $4 billion.