Ethereum Stalls: ETH Consolidates Below $4,200 Resistance Zone 📉

Ethereum (ETH) is currently in a consolidation phase after a recent push higher.

Exclusive 7-hour data from Binance shows ETH trading near $4,186.

This represents a slight pullback of 0.69% after the asset briefly touched the $4,300 level earlier.

The price action in the last few hours has been characterized by a struggle below the key psychological resistance zone of $4,200-$4,400.

This area is proving to be a significant barrier for the bulls.

Traders on the platform are now viewing the $4,400 level as the next major milestone to conquer for a confirmed bullish continuation.

The narrowed decline we're seeing suggests that the current movement is more of a healthy consolidation or breather after its recent gains, rather than a sharp reversal.

Activity on Binance indicates that buyers and sellers are reaching a temporary equilibrium around the current price point.

There's a palpable tension as the market decides its next direction.

A break and hold above $4,200 would be the first signal of renewed strength.

Conversely, a drop below immediate support levels could extend this corrective phase.

For now, ETH remains in a watchful state, gathering strength for its next attempt to break the critical resistance overhead.

All eyes are on the order books around these pivotal price points.

The market is looking for a catalyst to push it out of this tight range.

We continue to monitor for a decisive move. 📊
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