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Elex
ETH Consolidating Below Moving Averages
Ethereum is currently trading around $ETH 1,878.96 (-0.04%), holding within its 24-hour range between a high of $1,900.00 and a low of $1,863.69.
Bullish Case: If buyers push price back above the $1,893 – $1,900 zone (MA10/MA20 resistance), ETH could test the Upper Bollinger Band near $1,945 and aim for the $1,981.26 peak.
Bearish Case: Staying below the moving averages keeps downward pressure active, raising the risk of a retest toward the Lower Bollinger Band support at $1,841.49.
With ETH trading just under its 20-day middle band ($1,893.35), watch $1,893 closely to see if bulls can reclaim short-term control! 📊#CPIPPIEaseFedSplit #OKXTraderVoices
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