ETH is currently observed consolidating around $3,190, following a push near $3,240.35. This phase comes after a notable rally from the $2,719 level. 🚀

Market participants are evaluating this price action. Some perceive the current levels as extended, while others view it as a period of rebalancing for indicators. Price has shown resilience, holding above the $3,100 mark. 💪

Observations include supply absorption by larger entities during this consolidation. The Relative Strength Index (RSI) has cooled to 68.17, yet price remains firm. This suggests potential underlying stability. 📉📊

This period often leads to shifts in market positioning. A clear move above $3,250 could indicate further upward potential, with $3,500 as a subsequent level of interest. ✨

Information is for market updates, not investment advice.
$ETH ETHUSDT
#WriteToEarn