Ethereum Price Trapped in Neutral Zone Ahead of Potential Short-Term Flush
Ethereum (ETH) is currently trading at $1,897.02, stuck within a tight band of its 7-day Simple Moving Average (SMA), 20-day SMA, and calculated pivot point.
The market's momentum has flatlined, with retail traders already heavily long on the asset, 70% of them, to be exact.
This setup is signaling a short-term flush towards $1,846 before any credible run at $1,950 or higher can occur.