$ETH Range Bound Consolidation with Mixed Moving Averages Across Key Boundaries

$ETH trades at 2,439.45 USD, up 1.6% over the past 24 hours, with 4H RSI at 53.9 (neutral).

Price trended upward over the past twenty-four hours while remaining between support and resistance. A neutral four-hour relative strength index and mixed exponential moving averages highlight prevailing equilibrium.

TECHNICAL READ
▪️ Momentum: 4H RSI 53.9 sits in the neutral zone
▪️ Trend filter: EMA 20 is below EMA 50, and price is above EMA 20
▪️ Range: price is 1.6% below the range high and 4.7% above the range low

WHAT WOULD SHIFT THE BIAS
▪️ A 4H close above 2,478.00 USD (bullish shift)
▪️ A 4H close below 2,329.00 USD (bearish shift)

WHAT KEEPS IT RANGE-BOUND
▪️ Closes continuing to rotate between 2,329.00 and 2,478.00 USD
▪️ No decisive 4H close outside either edge

Will price resolve toward overhead resistance or retest support first?

Not financial advice. Always DYOR.
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