Ethereum Consolidates Ahead of Next Possible All-Time High

According to recent analysis by @CryptoMichNL, Ethereum (ETH) is likely to experience a consolidation phase near its current price of $2436.18 before potentially pushing past $3000.

This prediction comes as ETH's Relative Strength Index (RSI) sits at 73.5 in overbought territory, and the upper Bollinger Band resistance is set at $2558.12.

Historically, a consolidation phase has been followed by a 'grind higher' to new all-time highs, as seen in previous market cycles.