The content discusses Ethereum's current price consolidation below key resistance levels and the uncertainty surrounding its short-term direction. Some analysts believe Ethereum may be forming a bullish pattern on the daily time frame, indicating a potential breakout in the near future. The price is currently holding at crucial demand levels, with the $2,800 mark being a significant resistance level to watch. If Ethereum breaks above this level, it could trigger a rally and potentially reach the $3,000 mark. However, failure to hold support may result in further downside and selling pressure. Traders are closely monitoring Ethereum's price action for confirmation of its next move.



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