ETH: Analyst Sees Consolidation Before $2500 Push

ETH looks set for brief consolidation before the next leg higher, with trader @CryptoMichNL targeting the $2500 range boundary.

Over the past twelve months Ethereum has held its bullish structure above the EMA200 at $1809.31, keeping the broader ETH price prediction constructive amid steady institutional flows.

Price action at $1957.85 sits inside the Bollinger bands and tests upper resistance at $1966.68 while RSI(14) registers 69.32; this confluence favors a measured retracement toward EMA50 support at $1893.66 before continuation, reinforced by the MACD golden cross at 15.93.