#ETHTrendWatch 🔥 Ethereum Navigates Consolidation Amid Macro Uncertainty
Ethereum (ETH), the world’s second-largest cryptocurrency, is currently in a phase of range-bound consolidation, balancing between short-term technical signals and evolving macro conditions.
💹 Current Price Action
Trading range: $2,970 – $3,200
Recent highs retraced, with choppy, indecisive movement
Immediate demand: $3,100–$3,200 (supported by short-term moving averages)
Resistance: $3,250–$3,400, where rallies have repeatedly met profit-taking pressure
📊 Technical Overview
ETH remains above the 200-week moving averag