$ETH ETHUSDT Price Action – “Cooling Off or Coiling Up?”

Ethereum is in a cooling-off phase after a powerful breakout rally that peaked at $2,608. While the structure remains bullish, momentum has slowed, and price is consolidating around $2,490.

Technical Summary:

Trend Direction: Still bullish on major timeframes. Price stays well above EMA50/99/200 in all charts (1H–1M).

Support Zone: $2,450 – $2,300

Resistance Zone: $2,600 – $2,640

MACD: Bearish crossover on 4H and 2H, signaling short-term weakness.

RSI: Dropping from overbought levels; currently neutral (~44–55) across mid timeframes.

Stoch RSI: Oversold on 4H and 2H; bounce potential remains, but volume is needed.

Price Action Outlook:

Consolidation range between $2,450 – $2,600 expected to hold today.

If ETH breaks below $2,450, downside toward $2,300 may unfold.

If buyers regain $2,520+, potential retest of the $2,600 top is open.

Trading Perspective:

Momentum traders should wait for breakout confirmation.

Scalpers can play the range with tight stop-losses and layered targets.

Conclusion: ETH is in a healthy pause after a vertical move. Consolidation is not weakness – it’s a setup. Watch for breakout zones and fading selling pressure.