Crypto
Ethereum Price Consolidation Raises Concerns About Short-Term Momentum
Ethereum's price has been consolidating around $2.64K after a sharp recovery from its June low of $1.5K and a breakout above the $2.1K region.
The recent rejection near $2.8K has kept the price within a major resistance zone, but the broader structure remains constructive with higher lows established since June.
The daily chart shows an August acceleration that improved the structural trend, but September's consolidation and weakened short-term momentum pose risks to Ethereum's performance.