Ethereum (ETH) is showing modest gains at the start of the weekend, rising 4.33% in the past 24 hours, according to CoinStats. Despite the price uptick, sellers appear hesitant to take control, and major volatility is unlikely in the near term.

On the hourly chart, ETH has likely established a local resistance near $2,448. With the Average True Range (ATR) mostly covered, the probability of sharp price swings before Sunday remains low. This suggests a consolidation phase may dominate the short-term outlook.

Zooming out to the daily chart, Ethereum’s price remains inside yesterday’s trading range, indicating a lack of clear momentum from either bulls or bears. The current indecisiveness keeps the market in balance, but it could change if key levels are breached.

A breakout above the $2,533 mark would be a critical signal for bulls, potentially initiating a midterm rally. However, technical indicators still lack signs of a strong reversal. For now, the altcoin remains in a holding pattern, awaiting further confirmation.

From a broader weekly perspective, if ETH closes the week near current levels, there’s a strong chance of testing the $2,500–$2,600 resistance zone in the coming days. This range will be crucial for determining Ethereum’s next significant move.

As of this writing, Ethereum is trading at $2,424. Traders should monitor key resistance levels and closing patterns closely, as they could set the tone for the next market cycle. ETH remains one of the top-performing altcoins, but sustained bullish momentum will require stronger buying volume and technical confirmation.