Ethereum Price Analysis: ETH Must Reclaim This Key Level to Restart Bull Run

Ethereum is trading around  $2.3k and is still anchored below the $2.4k resistance zone that has capped this entire consolidation over the past months. The ascending channel from February’s lows remains structurally intact, and the conditions for a breakout seem favorable. The derivatives positioning has also changed dramatically recently, as traders are now placing their biggest long bets of the recovery on ET…