🔷Ethereum (ETH) is consolidating around $4,160, trading above key moving averages and forming a year-long symmetrical triangle pattern. Open interest in derivatives has nearly reached $50 billion, while trading volumes have surged 69%, signaling growing speculative activity and cautious optimism. A breakout above $4,396 could ignite the next upward leg toward $4,750.
🔷At the same time, over $86 million in ETH has been withdrawn from exchanges in the past 24 hours, reflecting ongoing long-term accumulation and reduced market liquidity. As long as the price holds above $4,120, Ethereum maintains a bullish bias, and a confident close above $4,400 would confirm a decisive shift in favor of buyers.