$ETH ‌ETH is currently moving in a tight range, showing signs of consolidation after a strong bounce from the recent low. Price tried to push higher but faced resistance near the upper zone, which slowed momentum for now.

On the 1H timeframe, price is hovering around short-term moving averages. This usually means the market is deciding its next direction, not rushing.
What the chart is saying (multi-view):
• Short-term (15m–1H):
Momentum looks neutral. Buyers are active, but not aggressive yet. Sideways movement is healthy after a bounce.
• Mid-term (4H):
Structure is still holding above the recent swing low. As long as that base holds, downside looks limited.
• Trend view:
Price is below the long EMA, so this is still a recovery phase — not a full trend reversal yet.#GrowthPointsDrawRound16