Ethereum Price Analysis: Potential Retest of $2.4K Support

Ethereum is consolidating below the $2.7K resistance level after failing to sustain its recent recovery. While the medium-term structure remains constructive, the price faces a potential pullback toward the $2.4K demand zone. Technical indicators on the daily chart show a potential bullish crossover of the 100-day and 200-day moving averages, while the 4-hour chart indicates a neutral short-term trend between $2.5K and $2.7K.