Ethereum is currently trading near the $2,900 level after a period of relative stability. ETH is experiencing a consolidation between support at $2,800 and resistance around $3,000. Technical indicators like the RSI show that the currency is approaching the oversold territory, which could pave the way for a potential bullish reversal.

📊 Traders are awaiting a clear breakout above the $3,000 level to confirm the upward momentum.