Ethereum’s price recently surpassed the 200-day moving average and completed a notable pullback. Analysts are now discussing whether ETH is poised for further gains or if it may face extended consolidation.

The daily chart shows that ETH broke above the 200-day moving average, indicating potential bullish momentum. However, the lack of strong buying pressure suggests that it may not be able to sustain its current rally just yet. Investors are keenly watching for signs of a more decisive trend in the coming days as Ethereum’s market position strengthens.