Ethereum (ETH) is experiencing some consolidation, with its market indicators showing less turmoil and more balanced investor sentiment.
ETH price movement has a slight downward bias, trading below several major exponential moving averages. Nevertheless, the bearish pressure appears to be fairly small in terms of some sort of large-scale collapse occurring, all reflecting an overall neutral market situation.
While ETH's fundamentals remain intact, the lack of significant accumulation by major holders suggests investors are waiting for more definitive signals before making any big moves.
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