The price of Ethereum (ETH) has been trading sideways above $2,600 since February 3. It is currently moving between the support at $2,600 and the resistance at $2,800. Neither the bulls nor the bears have control over the price. The cryptocurrency has experienced selling pressure at higher price levels on February 17 and 21, but the bulls have been buying the dips. The 21-day SMA will be retested, and if it is surpassed, the altcoin may reach the next resistance at the 50-day SMA and potentially go higher to $3,400. However, if the price continues to consolidate below the moving average, the bullish scenario may be invalidated. The current range is indicated by doji candlesticks, showing uncertainty among traders. The key resistance levels are $4,000 and $4,500, while the key support levels are $3,500 and $3,000. This analysis and forecast are personal opinions and not a recommendation to buy or sell cryptocurrency.



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