CandleFocus

Ethereum Price’s Consolidation Won’t End Soon Amid Mixed Market Signals

Author: Content Editor
The price of Ethereum has been hovering below $2,800 and is stuck in a consolidation phase, unable to break through key resistance levels. Mixed signals from technical indicators make it difficult to predict if ETH can reach $3,000 soon. The Network Unrealized Profit/Loss (NUPL) indicator shows growing confidence among investors, which is keeping them engaged and less likely to sell. However, the Chaikin Money Flow (CMF) indicator suggests capital outflow from Ethereum, potentially increasing selling pressure. Ethereum is currently trading at $2,610, struggling to overcome resistance at $2,700. Until there is a decisive shift in sentiment or capital inflows, the market may remain in a tight range between $2,700 and $2,344. To reach $3,000, Ethereum must first turn the $2,700 resistance into support and then break through the next key barrier at $2,930.

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