Ethereum Price Consolidation Continues Amid Broadening Range

Ethereum's price action is currently stuck in a tight range as it consolidates around the $1.88K to $1.91K resistance zone.

The broader trend remains cautious, with Ethereum still below both the 100-day and 200-day moving averages on the daily chart.

A breakout above this resistance zone would improve the medium-term outlook and expose a confluence of the 100-day and 200-day moving averages inside the $2.02K to $2.15K resistance zone.

On the downside, losing the $1.75K to $1.79K demand zone could trigger a deeper correction toward the major demand region around $1.56K to $1.64K.