Posted 3/28/2024, 3:45:00 PM
ETH Price Consolidates Between $3K-$4K as Market Sentiment Balances Out Ahead of Potential Breakout
- ETH price between key averages on Pi Cycle Top indicator suggests consolidation before attempting $4K again
- NUPL oscillating between sentiment zones implies market stabilization rather than euphoria
- Close EMA lines indicate sideways trading in near term before decisive trend
- Support at $3,200; resistance at $4,100 based on technical analysis
- ETH ETF could help drive upside breakout past current equilibrium
