Ethereum Price Analysis: $2.4K Remains ETH’s Biggest Barrier

Ethereum is trading at $2.32k as the first weekend of May unfolds, caught in the same technical gridlock it has been trapped in for the past three weeks. The asset is pressing against the $2.4k resistance zone with neither the conviction to break through nor the weakness to collapse below the ascending channel that has supported the recovery since February. What continues to change, however, is the on-chain picture b…