After a sharp climb last week, Ethereum price today is stabilizing just below the $2,600 mark. The short-term structure is forming a tight range as buyers attempt to hold key moving averages while watching volume signals for a potential breakout above local resistance.
What’s Happening With Ethereum’s Price?
On the 30-minute and 4-hour charts, Ethereum price has been consolidating between $2,560 and $2,590 after a sharp breakout on July 6. Price is riding along the mid-line of Bollinger Bands while staying above the VWAP and Parabolic SAR flip levels near $2,572 and $2,565, respectively. This suggests ongoing buyer interest despite a lack of immediate momentum.
The 4-hour Bollinger Bands have slightly expanded, allowing ETH to stretch higher without immediate rejection. Notably, the price is holding above the 20, 50, 100, and 200 EMAs, which are now stacked in a bullish alignment between $2,541 and $2,497. This dynamic cluster reinforces support and hints at a potential continuation setup.
Why Ethereum Price Going Up Today?
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