**Title:** Ethereum Price Analysis: Consolidation Phase
**Analysis:**
The Ethereum (ETH) price has been trading in a tight range over the past few days, with a clear consolidation phase emerging. As you can see from the chart above, the price has formed a symmetrical triangle pattern, indicating a period of indecision among traders.
The triangle's upper boundary is currently at $250, while the lower boundary is at $230. This range-bound trading indicates that the market is waiting for a catalyst to break out of this consolidation phase.
**Key Levels:**
* Support: $230
* Resistance: $250
* Breakout Target: $280
**Prediction:**
We predict that the ETH price will break out of this consolidation phase in the coming days, with a potential target of $280. However, a decline below $230 could lead to a more significant correction.
**Trading Recommendation:**
A buy order above $250 with a stop-loss at $240 could be a good entry point for traders. A sell order below $230 with a stop-loss at $240 could also be a good entry point for short-term traders.
