Ethereum Price Prediction: ETH Consolidates After Rally as Spot Flows Ease and Leverage Resets

TL;DR:

Ethereum continues to attract attention as traders assess short-term price weakness against signs of deeper market engagement. The asset has entered a corrective phase on the 4-hour chart after failing to hold above the $3,300 area.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence ETH price action and market sentiment in the near term.