Ethereum is at a crucial crossroads, with the price testing the $2.6K-$2.7K resistance zone. If it breaks through, ETH could rally to $2.8K and beyond.

- **Technical Analysis**:

- On the daily chart, Ethereum has gained momentum on the back of strong buying activity around the $2.3K support, breaking above the middle trendline of the descending channel.

- ETH is currently facing a key resistance zone consisting of the neckline of the Head and Shoulders (H&S) pattern and the 100-day moving average (MA) at $2.6K.

- **4-hour chart**:

- ETH found strong support at $2.3K, forming a double bottom pattern, pushing the price to the $2.6K-$2.7K resistance zone.

- If it breaks above $2.7K, ETH could continue to rally.

- **Onchain Analysis**:

- The Taker Ratio shows traders’ optimism about ETH’s short-term price trend, with the ratio hitting a multi-week high.

🌟 Ethereum at a critical juncture, could it break out?