<ul><li>Ethereum (ETH) is trading within an ascending channel after three consolidation phases, indicating bullish momentum.</li><li>Price action is heading towards a crucial resistance at $3,100, which could lead to a significant battle between bulls and bears.</li><li>On the 2-hour chart, Ethereum is showing an ascending triangle pattern, with $2,720 as a key level to watch for a potential breakout towards $3,200.</li><li>Despite a Descending Triangle formation on the 1-hour chart and RSI nearing oversold levels, the short-term momentum for Ethereum remains bearish, suggesting a possible breakdown unless key resistance is reclaimed.</li></ul>

Ethereum Climbs In Key Channel After Triple Consolidation Setup

Discover more