Ethereum: Consolidation Holds Amidst Uncertainty

Ethereum’s price has settled into a tight range between $4,300 and $4,500, with no clear upward or downward momentum. Traders anticipate further price movement following a potential retest of key technical support levels. While this indecisive period presents a dilemma for short-term trading strategies, experts believe the long-term outlook remains optimistic. 4-hour moving average (MA) and exponential moving average (EMA) are expected to serve as dynamic support during any market correction. A breakout above $5,000 would signal a positive trend change, potentially triggering further price growth. However, many traders remain cautious given the current consolidation and uncertainty about the future of the cryptocurrency market.