Ethereum Price Prediction: ETH Consolidates as Market Awaits Directional Breakout
- ETH consolidates near $3,884 below key EMAs, signaling cautious trader sentiment.
- Futures open interest surged above $43B, hinting at potential sharp price swings.
- Ethereum Foundation moves 160K ETH, reflecting security upgrades and treasury planning.
Ethereum (ETH) continues to trade near $3,884, showing limited momentum after repeated failures to stay above the $3,900 resistance zone. The price action reflects consolidation within a tight range, as traders await a clear breakout signal. Moreover, technical indicators reveal a cautious sentiment, with ETH trading below its major exponential moving averages (EMAs).
Consolidation Phase Amid Technical Barriers
The 4-hour chart shows ETH struggling beneath key EMAs 20, 50, 100, and 200 clustered between $3,890 and $4,134. This alignment highlights persistent bearish pressure. Immediate resistance sits at $3,944, fo…
Read The Full Article Ethereum Price Prediction: ETH Consolidates as Market Awaits Directional Breakout On Coin Edition.
Read More
Ethereum Price Prediction: Derivatives Spike 69% as ETH Coils Below Breakout Trigger
Bitcoin rally smashes past $116k on softer Fed bets: What changes next?
Ethereum Price Prediction: ETH Consolidates as Market Awaits Directional Breakout
- ETH consolidates near $3,884 below key EMAs, signaling cautious trader sentiment.
- Futures open interest surged above $43B, hinting at potential sharp price swings.
- Ethereum Foundation moves 160K ETH, reflecting security upgrades and treasury planning.
Ethereum (ETH) continues to trade near $3,884, showing limited momentum after repeated failures to stay above the $3,900 resistance zone. The price action reflects consolidation within a tight range, as traders await a clear breakout signal. Moreover, technical indicators reveal a cautious sentiment, with ETH trading below its major exponential moving averages (EMAs).
Consolidation Phase Amid Technical Barriers
The 4-hour chart shows ETH struggling beneath key EMAs 20, 50, 100, and 200 clustered between $3,890 and $4,134. This alignment highlights persistent bearish pressure. Immediate resistance sits at $3,944, fo…
Read The Full Article Ethereum Price Prediction: ETH Consolidates as Market Awaits Directional Breakout On Coin Edition.
Read More
Ethereum Price Prediction: Derivatives Spike 69% as ETH Coils Below Breakout Trigger