Ethereum shows stable market structure: sideways movement over $ 3,100 and resistances at $ 3,650 indicate consolidation

Ethereum shows stable market structure: sideways movement over $ 3,100 and resistances at $ 3,650 indicate consolidation

Ethereum and the current market structure: Analysis of the sideways phase

Ethereum is currently showing a clear market structure that manifests itself in a stable sideways movement above $ 3,100. This phase is accompanied by high volume consolidation that strengthens trust in the digital currency. The decisive level of resistance is $ 3,650, which means that investors and retailers should observe exactly how the course develops in the coming days and weeks.

The current situation offers both opportunities and risks. The stability above $ 3,100 could act as a kind of support and prepare the course for potential upward movements. The volume consolidation mentioned indicates that there are enough market participants who are willing to actively act in this price range.

The resistance brand at $ 3,650 is of particular importance, since overcoming this level could be interpreted as a sign of a possible bullish trend. However, retailers should also be prepared that any reset is not excluded within the sideways movement.

Overall, the current market structure of Ethereum signals a phase of uncertainty, while the actors are looking for clear developments. The observation of the price levels mentioned will be decisive in order to be able to make well -founded trading decisions.