Ethereum remains locked in a prolonged consolidation, with price action failing to break free after nearly two months of sideways movement.
Traders continue to wait for a decisive move, as neither bulls nor bears have managed to take control.
Daan Crypto Trades says Ethereum remains locked in a prolonged consolidation phase, with price action offering little direction for nearly two months.
Ethereum is still trading inside a clearly defined range, with neither buyers nor sellers managing to take control. According to the latest TradingView chart, ETH was last trading around $3,113, showing a modest -0.35% move on the 4-hour timeframe. Volume also remains muted, reinforcing the lack of conviction behind recent price swings.
The chart highlights a broad consolidation zone between approximately $2.6K and $3.3K, a range that has contained Ethereum’s price for close to two months. Repeated attempts to push higher have stalled near the upper boundary, while dips toward the lower end continue to attract support.
Daan Crypto Trades notes that this kind of choppy behavior typically precedes a stronger directional move, but only once the range decisively breaks. Until then, price action remains noisy and difficult to trade.
From a technical perspective, the chart shows Ethereum hovering below key resistance levels, with price oscillating around the daily 200 EMA while failing to reclaim higher moving averages. At the same time, downside moves continue to find buyers before reaching the lower support zone.
This balance explains why ETH has not yet entered a new trend. As highlighted in the post, a clean break above resistance or below support is required for Ethereum, and other altcoins, to regain directional momentum.
For now, Ethereum remains in wait-and-see mode. As long as price stays trapped inside this range, volatility is likely to remain compressed. According to Daan, a proper breakout is the signal traders are waiting for before positioning for a sustained move in either direction.
Until that happens, Ethereum’s structure reflects consolidation rather than trend, patience remains the dominant strategy.
