<ul><li>Ethereum is currently in a consolidation phase and struggling to break above the $2,200 resistance zone.</li><li>The recovery from the $1,800 low has lost momentum and ETH continues to trade below the 200-day moving average.</li><li>On the 4-hour chart, Ethereum is breaking below the lower boundary of the ascending channel, indicating a potential shift in the short-term trend.</li><li>The Coinbase Premium Index remains negative, suggesting limited demand from US-based investors and adding to the bearish undertone.</li></ul>

Has ETH Exhausted Its Upward Movements? (Ethereum Price Analysis)

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