Ethereum (ETH) is experiencing a period of price consolidation, suggesting a potential breakout, according to CryptoBusy. World Liberty Financial (WLFI), backed by Donald Trump, has increased its ETH holdings by 3,191 ETH, worth around $10 million, during a decline in ETH's price. Ethereum's trading volume has dropped significantly, indicating reduced market activity. The current price of ETH is $3,143.80, with a 1.69% decrease in the last 24 hours, and its market capitalization has dropped by 1.70%. The decrease in volume suggests market participants are anticipating a major move, and a lack of trading activity could hinder any breakthroughs. Key levels to watch are the immediate support at $3,100 and the key resistance at $3,200. ETH's RSI is currently below 50, indicating weak momentum, while the MACD indicator shows lingering bearish momentum.
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