Ethereum’s Technical Analysis Signals Extended Consolidation Phase Ahead
Ethereum approaches its upcoming Pectra upgrade set for April 2025. This anticipated event has generated mixed reactions across the market. Options traders display cautious optimism while other analysts indicate a likely extended consolidation period is necessary. Before Ethereum can achieve any sustained price movements, the market must navigate this consolidating phase. While some expect a breakout, readiness to withstand potential fluctuations will be essential for investors as the ecosystem adjusts to these developments.
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