Ethereum did not disappoint, but neither did it surprise. The patience of cryptocurrency investors has been tested for several weeks. The token swings between consolidation and technical doubts. However, a spark is brewing. The indicators are crossing, the flows are tightening, the resistances are crumbling. Will the calm be a harbinger of a bullish storm? Cryptocurrency traders are just waiting for a signal. And this could appear soon.
The price of Ethereum has locked itself in a compression zone between $2,500 and $2,800. Every resistance test fails, every pullback attempt is defended. This consolidation pattern, typical of an incubating market, begins to fatigue the players. However, this very fatigue becomes a catalyst.
