Ethereum price (ETH) is consolidating above the $1185 support level.
The market capitalization appears neutral at $146.21 billion.
Buyers look active in today’s trading session after two bearish daily candles.
Ethereum, the world’s second-largest cryptocurrency, is stuck in a narrow horizontal range as bulls retreat from the asset. The mild price drop kept Ethereum (ETH) price below the $1.2K level. After two days of losses, the sellers now seem tired, and buyers have an opportunity to move past the bullish barrier.
Ethereum on Hourly Chart
Source: ETH/USDT by tradingview
On the hourly price chart, ETH price is consolidating just above the $1180 support level. Buyers often reversed the second largest cryptocurrency higher than this level. For a short-term outlook, bulls must maintain this crucial zone.
Amid little positive scenario, ETH price against the USDT is trading at $1197 mark at press time. Crypto seems positive today by 0.63% so far. Meanwhile, Ethereum price concer
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