Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation?

Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation?
Ethereum (ETH) has been stuck in a tight range, trading below $1,900 and above $1,750 after days of heavy selling pressure. The broader crypto market remains under stress, with fear dominating sentiment and keeping ETH from regaining momentum. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? The downturn is largely driven by macroeconomic uncertainty and escalating trade war fears, which have shaken both crypto and the U.S. stock markets. As investors brace for further volatility, some fear that the market is setting up for a deeper correction. However, not all analysts are bearish. Some believe that a recovery could be on the horizon in the coming months, especially if technical indicators begin to show strength. Top analyst Daan shared insights on X, revealing that Ethereum has been consolidating since the major sell-off and has formed a falling wedge pattern—a bullish formation that could indicate a local trend reversal. For now, ETH remains at risk of further declines, but if this pattern plays out, Ethereum could soon break out of its co ..

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