Ethereum faces resistance at $2,400-$2,500, eyes $4,900 breakout for major recovery.

Ethereum is attempting a long-term recovery but is currently blocked by resistance between $2,400 and $2,500. A breakout above this zone could lead to a test of $2,800, with a larger target at $4,900, which aligns with a key inverse head and shoulders pattern suggesting a possible trend reversal. However, Ethereum must first clear the weekly 200 moving average resistance near $2,457-$2,557. Holding support at $2,100 is crucial to maintain the recovery structure. A confirmed breakout above $4,900 could open the path to even higher levels around $8,300, but for now, Ethereum remains in consolidation between these key support and resistance levels.