#ETH5L After a volatile retreat from recent highs, the Ethereum price today is holding near $2,543, attempting to stabilize above the crucial $2,500 handle. The short-term structure remains fragile, but multiple indicators show a potential base forming after the sharp rejection below $2,700. The broader market sentiment has turned cautious, yet Ethereum’s technical posture suggests that bulls are not ready to surrender control.

Despite recent selling pressure, the Ethereum price continues to trade within a larger ascending structure that originated earlier this month. The consolidation appears to be a healthy correction for now, provided the $2,500–$2,504 range continues to act as support. The next 24 hours will be pivotal in confirming whether ETH can sustain this floor or risks deeper retracement.

What’s Happening With Ethereum’s Price?

Ethereum’s price structure has entered a sideways consolidation following last week’s steep rally toward $2,730. On the 4-hour chart, ETH is testing the ascending trendline from May 7 while staying just above the 50-EMA ($2,539) and 1…

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