ETHUSDT Ethereum is trading close to $2,420, maintaining stability after earlier consolidation phases. The chart highlights a steady rhythm of controlled pullbacks followed by upward expansions, reflecting resilience and consistent market demand. This sequence shows that buyers continue to absorb volatility without disrupting the broader trend.
ETHUSDT Ethereum has been moving in a volatile structure, shaped by alternating phases of accumulation and corrective retracements. Earlier upward momentum pushed ETH into higher zones, but profit-taking activity introduced a corrective wave, balancing order flow between buyers and sellers.
ETHUSDT Ethereum is trading in a balanced phase after its earlier upward drive, where the market is alternating between correction and recovery. This cycle reflects ongoing positioning from participants, with profit-taking moves being met by fresh inflows that keep price from sliding into a deeper decline.
ETHUSDT While the overall trend for Ethereum is strongly bullish, some indicators suggest caution. The RSI is currently around 73 and is holding steady above the overbought zone, which could signal that buying pressure is becoming exhausted. A potential "evening star" candlestick pattern has also been noted, which could be a sell signal, but this requires confirmation. A reversal below the $4,100 level would invalidate the current bullish setup and could lead to a drop towards the $4,000 psychological support.
ETHUSDT Ethereum is trading close to $2,420, maintaining stability after earlier consolidation phases. The chart highlights a steady rhythm of controlled pullbacks followed by upward expansions, reflecting resilience and consistent market demand. This sequence shows that buyers continue to absorb volatility without disrupting the broader trend.
