#ETH

Ethereum is currently navigating a consolidation phase, with strong support around $2,486–$2,490 and resistance near $2,540–$2,547. The formation of bullish patterns like the cup-and-handle and bull flag, along with oversold RSI levels, suggest potential for upward movement. However, traders should remain cautious and monitor macroeconomic indicators and institutional flows, as these factors could significantly influence ETH's short-term trajectory.