Ethereum (ETH)
Ethereum is currently trading in a volatile consolidation phase.
Price is moving around the $3,000–$3,200 range.
Recent candles show long wicks, indicating strong intraday fluctuations.
Sellers are active near higher resistance levels.
Immediate support lies near $3,000.
Resistance is seen around $3,300–$3,400.
Market momentum is neutral to slightly bearish in the short term.
ETH closely follows Bitcoin’s overall trend.
Strong fundamentals like staking and smart contracts support long-term value.
A breakout above resistance could signal bullish recovery.
📊 Candlestick Chart (Concept):
ETH candles typically show wide ranges and rejection wicks, reflecting volatility and indecision between buyers and sellers near key levels.#EthereumLayer2Rethink? #ETH