Ethereum in a Consolidation Phase

🔷Ethereum is trading near the upper boundary of the $2,326–$2,737 range, forming a sideways structure following an impulsive rally. The current consolidation carries an elevated risk of false breakouts, creating favorable conditions for liquidity grabs both above resistance and below support. In such an environment, traders should focus on confirmed signals and avoid rushing into positions.

🔷The main scenario suggests movement within the range, with entries triggered by traps and price returns inside the boundaries. A firm breakout above $2,800 would strengthen the bullish outlook and open the path toward $4,000+. Until then, the priority remains on reacting to key levels and managing risk during this phase of uncertainty.