Ethereum (ETH) is currently in a consolidation phase and struggling to regain bullish momentum. The RSI indicator suggests that there is neither strong buying nor selling pressure at the moment. The ADX indicator indicates a weakening trend strength and a lack of clear direction in ETH's price action. The short-term EMA lines are close together, indicating a lack of strong momentum in either direction. A sustained uptrend could challenge resistance levels at $3,020 and $3,442, while a downtrend could test support levels at $2,551 and $2,160. ETH is currently at a crossroads and a breakout in either direction will set the next major trend.
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