Ethereum Pauses Near $2,400 as Bulls and Bears Battle for Direction

$ETH is currently consolidating around $2,403 after a volatile drop from highs near $2,589. The price is stuck in a narrow range following a recent downtrend, showing signs of short-term stabilization.

📊 Indicators Overview:

🔹MA(7): $2,400.97

🔹MA(20): $2,406.09

🔹MA(50): $2,399.15

Price is hovering near all key moving averages, indicating indecision. Volume has declined, suggesting reduced momentum.

🔮 Outlook:

A breakout above $2,410 could hint at bullish recovery, while a dip below $2,390 may trigger further downside toward $2,323. Watch volume for confirmation.