ETH

The short-term (1-minute) data shows a consolidation phase with a slight bullish bias. The price has been oscillating between roughly 2420 and 2449 in the last 3 hours. The 5-minute data from the past 24 hours gives a more complete picture of recent price action. We can observe the following: The price has experienced significant volatility in the last 24 hours, beginning with a downtrend from around 2620 to a low around 2560, followed by a strong rally to 2640 level. Since then, there has been a retracement and consolidation around the 2590-2610 range, now moving into the previous 24hr. This suggests the retracement may be over.