Ethereum (ETH) is currently caught in a challenging phase, unable to reclaim the critical resistance level of $2100. A recent 6% drop adds pressure as it trades within a narrow range, making it difficult for traders to predict its next move.

Analysts are divided on the future of Ethereum. Some suggest the cryptocurrency will remain in its sideways position for a while longer before a major breakout takes place, while others fear continued stagnation.

Understanding these patterns is essential for traders and investors alike. Ethereum’s next moves are pivotal for both short-term traders and long-term investors seeking to optimize their strategies. Keeping an eye on these developments will help navigate potential opportunities.