After recovering from lows below $2,250, Ethereum price today is hovering near $2,445. The bounce has pushed ETH back into a heavy supply zone, but indicators suggest that bullish momentum is stalling just beneath the $2,505 resistance. With the broader crypto market stabilizing, Ethereum is now facing a critical test as it consolidates near short-term trendline resistance.
What’s Happening With Ethereum’s Price?
Ethereum price action shows a rising wedge structure on the lower timeframes, with the current consolidation forming just below the $2,465–$2,505 resistance band. On the 4-hour chart, ETH is trading just above the EMA100 and EMA200, both sitting around $2,421.02 and $2,385.10 respectively. The key EMAs have started converging, creating a support cluster that bulls must defend.
The Bollinger Bands are also narrowing on the 30-minute chart, with ETH trading in a tight range between $2,438 and $2,457. Parabolic SAR dots are sitting below price, supporting short-term bullish continuation. However, recent candles show small-bodied formations, hinting at a lack of conv…
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