ETH is looking strong

$ETH is currently in a consolidation phase, trading near its 7-period moving average with potential downside risk. Bulls need to defend the $2,614 support level to maintain momentum. Breaking above $2,722 resistance would signal a bullish continuation. Traders may consider waiting for confirmation of support or resistance breakouts before entering positions.

Support: The next support level appears around $2,614, which was previously tested. If the price breaks below this, the next level could be around $2,500.

Resistance: The recent high at $2,722 serves as immediate resistance. A break above this level could see ETH targeting $2,800 or higher.