Just observed: ETH is consolidating steadily above the long-term trend line. Currently, the price is around $2.14K, with an increase of about 1.57% in the last 24 hours – that looks like a solid foundation.

This sideways movement phase could become interesting. If ETH continues to stabilize here, it has the potential for the next upward push. I find it particularly exciting that the ETH halving is still on the horizon as a catalyst – this could add extra significance to this consolidation.

The coming weeks will show whether this base holds or if we test lower. But the signals currently don’t look bad for the next phase.