#Ethereum ($ETH ) has been trading within a narrow range for the past five weeks, indicating a period of consolidation. This sideways movement suggests a balance between buying and selling pressures, often leading to a breakout in either direction

Currently, ETH is hovering around \$2,540, with key support at \$2,461 and resistance near \$2,584. A decisive move beyond these levels could signal the next trend.

Consolidation phases are crucial as they can reduce volatility and build momentum for future price movements. Traders should monitor these levels closely to anticipate potential breakouts

"ETH Price Consolidation: Understanding the Importance of Sideways Movements in Ethereum Technical Analysis | UK GLOBAL INVEST"