Ethereum(ETH) has recently shown a range consolidation pattern in price performance, with the current trading price hovering around $2733, a slight decrease of 1.06% compared to the previous trading day. From a technical perspective, ETH maintains a positive upward momentum, with the Relative Strength Index(RSI) reaching 65.45, indicating a high market temperature, close to the overbought area.

The price support area is mainly concentrated around $2400, while $3000 constitutes the current important resistance level. Market analysts point out that the Ethereum Pectra network upgrade plan and the continuous inflow of institutional funds have injected new vitality and confidence into the market.

However, it is worth noting that the tensions in the Middle East, particularly the conflict between Israel and Iran, may bring a certain level of uncertainty and volatility to the cryptocurrency market.

From a short-term perspective, ETH is expected to challenge the $2900 mark in the coming weeks. From a longer-term analysis, the market generally maintains an optimistic attitude towards Ethereum, believing that its price has the potential to break through the $5000 barrier.