Recently, the price of Ethereum has broken through around $2600, showing strong bullish momentum in the market. According to Technical Analysis, ETH has formed a bullish structure around the $2523 level and has experienced a period of consolidation below a key resistance level. Analysis indicates that after the current consolidation phase ends, the price of Ethereum may rapidly rise to the $3200 range.

Ethereum is currently testing the long-term resistance level around $2600, which has historically been a key obstacle for price rises. Notably, unlike previous trend patterns, the current ETH has maintained a strong upward trend since the low of $1800 in April this year. The price has successfully broken through several smaller resistance levels and has formed a narrow range of fluctuations around $2600.

From a technical perspective, this kind of sideways consolidation below the main resistance level is often viewed as a signal of price accumulation. Chart analysis shows that there is a significant price gap between the current consolidation zone and the target price of 3200 dollars, which means that once the current resistance level is broken, ETH may quickly fill this price gap.

The current market structure shows that Ethereum has turned the previous resistance zone of $2400-$2500 into a new support area. Market participants are closely watching whether it can break through the current resistance level of $2600. If successful, the next major resistance will be located directly around $3200, providing substantial upward potential for the price.

From an overall trend perspective, Ethereum maintains a bullish pattern, supported by continuous trading volume and improvements in technical indicators. The current consolidation phase has become a key decision point for the market, and this price gap status is expected not to last long, as the market may welcome a new breakout trend.