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Ethereum has entered a consolidation phase after completing its liquidity sweep. The price is supported in the $2800-$2900 demand zone and is currently creating higher lows within a narrow range. This is not a sign of weakness, but rather a buildup of pressure.
As long as Ethereum remains above the recovery support level, this consolidation is likely to evolve into an upward breakout. The tighter the range becomes, the more it indicates that energy is brewing. In the short term, attention should be paid to whether it can effectively break through the upper boundary of the current range and the accompanying trading volume. The patience of market participants at this moment will determine the next direction.