Ethereum has encountered slight resistance recently at the 200-day moving average of $2600. Sellers have shown their presence. However, analysts predict further price consolidation could pave the way for upward movement. Recent trends suggest this cryptocurrency could be on a trajectory toward the crucial $3000 mark this month. Market observers will watch closely to gauge potential movements and react to any significant shifts. Ethereum enthusiasts remain hopeful for a bounce-back despite market fluctuations.