Ethereum entered a pause after a volatile month, as traders weighed technical pressure against steady institutional interest. Price action settled into a narrow range on the four-hour chart, following a sharp retreat from late-cycle highs.
Market participants now monitor whether consolidation resolves into continuation or deeper correction. Besides price behavior, derivatives data and corporate accumulation continue shaping near-term expectations.
https://coinedition.com/ethereum-price-prediction-eth-awaits-breakout-as-open-interest-and-spot-flows-stay-active/
Posted by Practical-Solutions1
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tldr; Ethereum’s price is consolidating near $2,980 after retreating from highs of $3,300. Futures open interest remains above $38 billion, indicating active derivatives participation and potential volatility. Key resistance levels are at $3,036 and $3,135, with a breakout above $3,135 potentially leading to $3,300. Support levels are at $2,950 and $2,820. Corporate accumulation, such as Bitmine’s increased holdings and staking operations, reinforces long-term interest. Ethereum’s next move depends on breaking resistance or holding support levels.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.