Ethereum: Consolidation Holds Near $2530 Support

Ethereum at $2662.68 shows clean consolidation after the latest advance, with Michaël van de Poppe noting that even a test of the $2530 level remains within normal ETH price prediction parameters. The 4h chart reveals price sitting just below EMA50 at $2667.21 while EMA200 at $2495.89 continues to act as the primary long-term support; MACD has printed a death cross at -4.92, confirming short-term bearish momentum, yet RSI at 44.34 stays neutral and Bollinger Bands compress between $2725.3 upper resistance and $2650.58 lower support, suggesting volatility exhaustion rather than breakdown. Ethereum technical analysis therefore points to a probable retracement toward the 50-EMA before any continuation higher, aligning with crypto consolidation patterns observed over the past six months.