Why is Ethereum (ETH) Stuck Between $2,100 and $2,200?

Ethereum (ETH) has been consolidating between $2,100 and $2,200, leaving many traders wondering why it's struggling to break out. Here are the key reasons behind this price stagnation:

1️⃣ Market Sentiment & Technical Resistance

Ethereum recently formed a double-top pattern, a bearish signal suggesting potential downside pressure. Traders are cautious, leading to low buying momentum and keeping ETH within a narrow range.

2️⃣ Regulatory Uncertainty

Ongoing regulatory concerns, especially regarding Ethereum staking and its classification as a security, have made institutional investors hesitant. This lack of clarity prevents strong inflows into the market.

3️⃣ Competition from New Blockchains

Ethereum faces competition from faster and cheaper alternatives like Solana and Avalanche. Investors exploring these newer platforms might be slowing ETH's growth.

4️⃣ Lack of Major Catalysts

While Ethereum’s Pectra upgrade is in development, no immediate catalyst is driving strong demand. Until a major event or bullish narrative emerges, ETH may continue consolidating.

📌 What’s Next?

Despite these challenges, Ethereum’s fundamentals remain strong. If institutional adoption increases and staking uncertainty clears up, we could see a breakout beyond this range. For now, watch the $2,200 resistance and $2,100 support for potential moves!

🚀 Do you think ETH will break out soon? Drop your thoughts in the comments! ⬇️