$ETH Ethereum consolidates at nearly 3,156 dollars, following the increase in institutional inflows after the network upgrade
Ethereum (ETH) is currently trading at $3,155.96, positioned above its MA-20 ($2,985.18) but below the MA-50 ($3,421.90) and the MA-200 ($3,532.13), indicating short-term bullish momentum while encountering resistance in the medium and long term. The price movement for the day reflects slight downward pressure, with the asset remaining midway after slipping by 0.92%.
Consolidation and bearish momentum dominate as technical data signals uncertainty
Technically, Ethereum is supported by the Ichimoku Kijun near $3,141.28 and faces resistance from the MA-50 ($3,421.90). The MACD signals strong selling pressure, and the ADX highlights active bearish momentum, while the Stoch RSI, CCI, and Bull/Bear Power oscillators indicate overbought conditions. The RSI is close to 50 with a bearish trend, and price action shows sideways consolidation and moderate volatility, reflecting short-term uncertainty despite the recent strength of buyers.
The downside risk is higher as the probability of a breakout remains low.
For the week ahead, Ethereum is expected to stay within a typical volatility range between $3,000 and $3,330, with immediate support at $3,140 and resistance at $3,420/$3,330 defining the current range. Technical indicators suggest a low probability (below 20%) of a sustainable breakout to the upside, making short-term consolidation or a downward movement more likely. A decisive push above $3,330 or the MA-50 would signal bullish continuation, while a break below $3,000 could trigger further declines.
