$ETH Ethereum’s native token, Ether (ETH), has consolidated between $2,300 and $2,800 for the past 30 days, but this sideways phase could be coming to an end. The 4-hour chart shows ETH retaining support from the 200-day exponential moving average (EMA), and the price is forming a hidden bullish divergence with the relative strength index (RSI). A hidden bullish divergence occurs when the price forms higher lows while indicators like RSI form a lower low, signaling a trend breakout. Ethereum futures open interest (OI) data from CoinGlass shows a 40% increase to $36 billion from $26 billion over the last 30 days, reflecting growing trader confidence amid price consolidation, a pattern that tends to precede breakouts.