Ethereum Price Prediction: ETH Consolidates as Market Awaits Directional Breakout

• ETH consolidates near $3,884 below key EMAs, signaling cautious trader sentiment.
• Futures open interest surged above $43B, hinting at potential sharp price swings.
• Ethereum Foundation moves 160K ETH, reflecting security upgrades and treasury planning.

Ethereum (ETH) continues to trade near $3,884, showing limited momentum after repeated failures to stay above the $3,900 resistance zone. The price action reflects consolidation within a tight range, as traders await a clear breakout signal. Moreover, technical indicators reveal a cautious sentiment, with ETH trading below its major exponential moving averages (EMAs).

Consolidation Phase Amid Technical Barriers

The 4-hour chart shows ETH struggling beneath key EMAs 20, 50, 100, and 200 clustered between $3,890 and $4,134. This alignment highlights persistent bearish pressure. Immediate resistance sits at $3,944, fo…

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