Ethereum Stabilizes Above $4,600; Short-Term Weakness Signals Further Gains

Ethereum prices remain within a defined range between $3,800 and $4,600, indicating stability as buyers and sellers are in a balance. Despite short-term bearish trends indicated by moving averages and oscillator indicators, Ethereum’s overall medium-term trend remains bullish. 4,600 resistance is currently being tested, with potential for new gains if breached, while holding above $3,800 indicates a sustained bullish pattern. Short-term weakness is expected as buyers face current resistance, but the positive outlook persists. This dynamic suggests continued consolidation before a decisive move.