$ETH chart shows clear consolidation around the $2,391 level, indicating that the price is gathering strength for an upward move. The previous dip created strong support near $2,127, which was followed by a steady climb toward the $2,818 resistance zone. Even though the price faced rejection at this resistance, it's now forming higher lows, signaling a bullish reversal pattern. The strong bounce from the "Dump Impact" area, coupled with the channel forming upward, suggests that momentum is building for a break above the current resistance at $2,364.

Looking ahead, $ETH appears poised to retest the $2,818 resistance level once it breaks out from the consolidation phase. With strong support established and the price moving within an ascending channel, the outlook remains bullish. Traders could expect the price to rise steadily toward key resistance points, confirming the continuation of the bullish trend.

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