Ethereum Is Consolidating Bulls Still Have the Edge
Ethereum is trading around $2,430 after pushing up to $2,546.78. After that strong move, ETH is now consolidating as buyers and sellers battle around the current range.
On the 1H chart, the broader structure remains bullish. ETH is holding well above the MA(99) around $2,336, while price is trying to reclaim the $2,430–$2,450 area.
If bulls break and hold above $2,450, the recent $2,546 high could come back into focus. A clean breakout above $2,546 could open the way toward the $2,600 area.
On the downside, $2,350–$2,390 is an important support zone. If ETH pulls back there and buyers defend it, that could create a stronger base for another move higher.
🔥 ETH doesn’t need to pump immediately. Consolidation after a strong breakout can be healthy if the bullish structure remains intact.
The key now is simple watch the structure, not the candle.
Trade with a plan and manage your risk.
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