Ethereum is currently in a frustrating consolidation phase. Market analysts point out that if it can break through the $2620 level, it is expected to push the price above $2700. However, investors also need to closely follow the $2550 support level, as a fall below this level could further dip to around $2500.

It is worth noting that as long as the price can hold above the key support at $2500, the overall bullish trend remains intact. In the current market environment, both long and short positions face high risks, and investors should exercise caution and manage their positions wisely.

Given the uncertainty in the market, investors are advised to remain vigilant and closely follow price trends and changes in trading volume. At the same time, it is important to pay attention to broader cryptocurrency market dynamics and macroeconomic factors, as these may impact the price of Ethereum. Before making any investment decisions, it is essential to conduct a comprehensive risk assessment.