Ethereum poised for consolidation before aiming for $4,000 again, indicated by Pi Cycle Top Indicator.
Ethereum finds robust support between short-term and long-term moving averages, signaling stability and potential consolidation.
ETH’s NUPL oscillates between “Optimism — Anxiety” and “Belief — Denial” zones, reflecting balanced sentiment for gradual price climbs amidst consolidation.
Ethereum (ETH) finds itself at a crucial juncture. According to recent price analysis, ETH could be entering a period of consolidation before attempting to reach the $4,000 mark once again.
Ethereum is currently in a brewing consolidation phase, according to the Pi Cycle Top Indicator, a tool for identifying potential market tops. The indicator’s upper boundary is set near $4,231, while the lower boundary rests around $2,750, creating a bandwidth that allows for market stabilization rather than a peak.
Ethereum’s Position Between Averages Indicates Robust Support
Position
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