$ETH Consolidating near $3,000 today 🔺. Price is slightly up on the day but has been under pressure over the past month. $AUCTION $ID
Open: $2,985
Close: $2,991
Change: +0.22%
Trend: Sideways consolidation. The chart shows mixed signals, with RSI bullish divergence but resistance near $3,200. On-chain activity remains strong with record daily transactions and smart contract deployments.
Support: $2,700-$2,800
Resistance: $3,200-$3,500
Institutional interest continues to grow, with ETF inflows and corporate accumulation highlighting long-term confidence. The market feels cautious, but fundamentals suggest opportunities for careful traders.
Personally, it’s a reminder that consolidation phases can precede meaningful moves, making patience and observing on-chain data just as important as watching price action.
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