📊Ethereum cools off after rejection - consolidation likely ahead
After failing to break past its cycle high, ETH has slipped back into the same trading zone it held for much of 2024, hovering between $2.8K and $4.1K.
While the long-term trend remains healthy, momentum on lower timeframes has clearly shifted, signaling a period of short-term weakness or sideways action.
Unless a new catalyst emerges, $ETH might range and reset before making its next decisive move - a classic mid-cycle breather rather than a full reversal.