Ethereum is consolidating above $2,500, showing resilience amid broader market uncertainty. Although the bulls have successfully turned $2,500 from a resistance level to a support level, the price still faces significant pressure below $2,700. This range fluctuation has persisted since early May, and the coming days are likely to determine the next major movement for ETH and the entire altcoin market. The volume remains relatively stable, which aligns with the ongoing consolidation trend, but it may also indicate that volatility will rise significantly once a direction is established. If the daily closing price successfully breaks through the $2,600-$2,700 range, it could trigger a price surge toward $3,000 or even higher. Conversely, if it falls below $2,480, the bullish structure will fail, and market sentiment will shift.
