Ethereum's price has been consolidating beneath $2.5K after a sharp recovery from around $1.5K, and is still trading around $2.4K.
The technical structure on higher timeframes remains constructive, following a base formation at $1.5K-$1.6K and a push above the $2K area.
However, short-term momentum has weakened, creating mixed performance risks for traders in crypto and DeFi markets.
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