#ETHTrendWatch .
Ethereum (ETH) is trading in a consolidation phase around $2,950–$2,970 USD, showing minor downside pressure of 1–2% over the past 24 hours. After a strong start to the year with peaks near $3,300–$3,400, ETH pulled back due to profit-taking, broader market caution, and macroeconomic uncertainty, including geopolitical tensions and lingering Federal Reserve policy questions.
The price is currently compressing within key EMA bands and trendlines, forming patterns reminiscent of a symmetrical triangle or descending channel. This kind of “compression” signals that a decisive brea