Ethereum remains range-bound between the 100-day and 200-day moving averages, signalling a consolidation phase. The market’s coiled spring is about to unleash. Will it be a bullish surge that paints the coming days green, or a bearish plunge into the red? A definitive break above or below the current stalemate will dictate the next major market narrative, and the whispers …
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Ethereum’s price is coiled like a spring, trapped beneath the $2.5K ceiling. Volatility has vanished, leaving traders in a standstill. Is it poised for a breakout or breakdown? The answer hinges on an impending surge – a rush of buyers ready to catapult it skyward, or a wave of sellers poised to drag it down. The market awaits a spark …
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Ethereum has been struggling to reclaim the crucial 200-day MA of $2.7K, with the price roughly forming a double-top pattern. The recent price action hints at potential corrective consolidation toward the $2.2K threshold, before attempting a breakout. Technical Analysis The Daily Chart The rally crashed into the wall near $2.7K – the 200-DMA level – this week. The sellers swarmed, …
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