$ETH Ethereum has navigated distinct phases in recent months, setting the stage for a potential trend reversal:

1. **Sideways Consolidation (Nov 2024 – Jan 2025)**

- ETH traded in a broad range, balancing between buyers and sellers.

- A period of accumulation before the next major move.

2. **Downtrend Phase (Feb – Early April 2025)**

- Breakdown from the range led to a sharp decline.

- Lower highs & lower lows formed a descending channel.

3. **Base Formation (Mid-April 2025 – Present)**

- ETH broke out of the downtrend channel, signaling weakening bearish momentum.