Ethereum is shallow The question as to whether Ethereum has finally found a floor is now raised by price action that appears to be temporarily exhausted. Ethereum is consolidating just below the $2,000 mark, and recent candles indicate that volatility is cooling. The selling pressure that dominated February's first half has subsided, and price movement has shrunk to a small range. This frequently marks the beginning of a market pause, in which buyers and sellers contemplate their options before deciding on a new course of action. ETH/USDT Chart by TradingView Technical conditions are still precarious, though. On a daily basis, Ethereum continues to trade below important moving averages, including the medium- and long-term trend lines that currently serve as overhead resistance. Although they have not yet verified a long-term trend change, momentum indicators are currently rebounding from oversold territory.
ETHUSDT
Perp
1,969.78
+1.09%