#ETHTrendWatch The Current Setup: ETH at Critical Inflection Point
Ethereum is consolidating in a historically significant zone between $3,200 and $3,450. This isn't just another trading range—it's a macro decision point that will determine whether ETH:
1. Breaks out to retest all-time highs ahead of spot ETF trading
2. Breaks down into a deeper correction toward $2,800
3. Extends consolidation through summer (bullish for altcoins)
Current Technical State:
· Price: $3,315 (-2.4% 24h)
· Market Cap Rank:
#2, but dominance slipping (15.8%)
· Against BTC: ETH/BTC ratio at critical 0.052 support (m