Ethereum Price Analysis: What’s Next for ETH After the Most Constructive Gains in Months?

🚀 Ethereum is currently trading around $2.3k, showing signs of a potential structural shift after months of downtrend, but caution is advised due to previous failed breakout attempts.

📈 A breakout above the $2.4k resistance zone could lead to a significant upward move towards $2.8k, while a rejection could signal a false breakout, with $1.8k as a critical support level.

📉 On-chain analysis reveals a spike in active addresses during the February crash, but a subsequent decline indicates a lack of new participants, making sustained recovery challenging without consistent upward trends in active addresses.