Ethereum ($ETH ) is currently consolidating after a recent impulse move, with price respecting a well-defined support zone. The formation of higher lows suggests buyers are gradually accumulating during pullbacks rather than exiting positions. This compression phase often builds the foundation for a stronger directional breakout.

If ETH pushes through nearby resistance with expanding volume, momentum could accelerate toward the next liquidity cluster. However, a temporary downside sweep remains possible if broader market sentiment weakens. Short-term volatility should be expected as liquidity builds on both sides of the range.

Traders are monitoring volume behavior, funding rates, and Bitcoin’s movement to anticipate Ethereum’s next phase.

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