🚨 Ethereum surged 37% in 10 days… then something important happened.
After the strong uptrend that pushed ETH to $2,564, we didn’t see a direct crash.
Instead, the price entered a consolidation phase around the current levels.
Here’s the story:
📈 Strong rise
⬇️ then a pause
⏳ and the market is waiting for the next catalyst
The current technical analysis suggests this consolidation resembles a Bull Flag pattern, and if the scenario continues, the $3,040–$3,060 area could become a key resistance later.
But there’s a level that can’t be ignored:
⚠️ A break of the $2,350–$2,360 zone will clearly weaken this scenario.
In the background, the upcoming U.S. inflation data this week could be the factor that determines the next direction.
ETH doesn’t need a huge candle to become interesting…
The market is simply waiting to see which side breaks this calm first.
#ETH #Ethereum #Crypto #Altcoins #BinanceSquare
```1
$ETH
After the strong uptrend that pushed ETH to $2,564, we didn’t see a direct crash.
Instead, the price entered a consolidation phase around the current levels.
Here’s the story:
📈 Strong rise
⬇️ then a pause
⏳ and the market is waiting for the next catalyst
The current technical analysis suggests this consolidation resembles a Bull Flag pattern, and if the scenario continues, the $3,040–$3,060 area could become a key resistance later.
But there’s a level that can’t be ignored:
⚠️ A break of the $2,350–$2,360 zone will clearly weaken this scenario.
In the background, the upcoming U.S. inflation data this week could be the factor that determines the next direction.
ETH doesn’t need a huge candle to become interesting…
The market is simply waiting to see which side breaks this calm first.
#ETH #Ethereum #Crypto #Altcoins #BinanceSquare
```1
$ETH
