$ETH

Ethereum has been consolidating in a narrow range (coil) between USD 3,500 and 3,600, with a quote of approximately USD 3,550 on June 11. This pattern denotes low volatility but often anticipates significant breakouts.

Technical and on-chain indicators support a potential breakout:

Volume and open interest in futures reached historical highs (~USD 22 billion), which can drive marked movements.

RSI is in neutral territory (~52) while MACD shows signs of bullish momentum.

IOMAP and on-chain support indicate strong levels between USD 2,349–2,426, providing protection to previous lows.

---

Conclusion: Ethereum is at a critical moment within a sideways range. The accumulation of volume and strength of technical indicators point to a possible breakout to the upside. However, it is important to monitor a drop below support levels, which could lead to a correction.