Ethereum (ETH)
Ethereum is currently trading in a volatile consolidation phase.
Price is moving around the $3,050–$3,150 zone.
Recent candles show long upper and lower wicks, signaling indecision.
Sellers are active near higher levels, limiting upside moves.
Immediate support lies near $3,000–$3,050.
Resistance is seen around $3,300–$3,400.
Buyers are defending key psychological levels.
Overall momentum remains weak in the short term.
ETH is closely following Bitcoin’s market direction.
Network fundamentals remain strong despite price pressure.
Sideways movement suggests accumulation by smart money.
A break above resistance could turn sentiment bullish.
Failure to hold support may trigger a deeper correction.
📊 Candlestick Chart (Explanation):
ETH candles typically show wide ranges and rejection wicks, reflecting strong volatility and a battle between buyers and sellers near support and resistance zones.