Ethereum is currently in a consolidation phase, indicating a potential reversal.
Analysts advise caution and suggest waiting for deeper corrections before entering long positions due to looming volatility.
There is increasing divergence between investor opinion and underlying indicators for Ethereum, with buy/sell pressure delta still negative but starting to level off.
Technical analysis suggests Ethereum is in a re-accumulation pattern, trading at support levels and awaiting a directional breakout to be confirmed.