The price of Ethereum is consolidating in the range of 2500 - 2600 dollars. Moving averages are on the bearish side and a further slight advantage of the bearish option. For now, the price has not formed a new lower low nor a higher high. So we can expect further side consolidation. For the bullish option, we need a break above $ 2600, and our first target is a zone around $ 2800. If Ethereum manages to climb above $ 2,800, then our next target is a zone around $ 3,000. For the bearish option, we need a price drop below $ 2,500, and our target is the previous low zone to $ 2,444, last week's low. In the continuation of the bearish consolidation, our next target is the $ 2,300 February minimum.