Ethereum Price Awaits Breakout Above Key Resistance Zone

Ethereum's price action suggests that the cryptocurrency is in accumulation mode before potentially expanding upwards.

After a strong bearish phase, Ethereum has been respecting a major daily support zone around 1800-2000. This level has been tested multiple times, indicating that buyers are still active in the market.

The current structure looks like a shift from bearish pressure to bullish recovery. If Ethereum can maintain this support and break above the nearby resistance zone of 2300-2400, it could trigger a powerful bullish continuation towards 3200+ in the coming weeks.