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The price action of Ethereum seems to be calm, but the whole formation is slowly starting to trend upwards. In the last 24 hours, ETH has traded almost flat, while the last seven days have shown a modest increase of 2.6%. The price has been above $3,100 for several sessions, which indicates strength, not exhaustion.
This lateral movement is not random. Ethereum is pressed close to key levels, where external attacks often take shape. The next step depends on whether gradually returning buyers can turn this consolidation into a continuation.
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The structure of the bull flag remains stable as the conflict zone appears
Ethereum seems to be on the verge of a crash After he settled in the flag of the helmets. A bull flag is formed when the price stops after a strong upward movement, then trades in a narrow range before the next rise. This pattern indicates consolidation, not weakness.
The structure remains the same until ETH stays above $3,090. This means, unless there is a daily close below this level, the much anticipated breakout may continue.
This level acted as strong support, absorbing selling pressure during the recent pullbacks. The price has repeatedly bounced from this area, which indicates that buyers are still defending.
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A clean daily close above $3,130 would be the first confirmation that the flag is going up. This move will signal that the consolidation is about to end and that the buyers will take back control. Without this closure, Ethereum remains Under pressure, but the bullish structure remains valid.
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Selling pressure eases as key Ethereum price levels emerge
Chain data supports the price structure. The Net Position Change indicator, which tracks whether long-term investors are adding or selling ETH, indicates that selling pressure has decreased compared to previous sessions.
On December 12, Holders distributed Ethereum About 958,771 Ethereum. By December 13th, the net sale had fallen to about 877,958 ETH, representing a decrease of about 8.4% in the 24-hour selling pressure.
This change is important. Ethereum is still seeing net distribution, but the pace of sales is slowing down as price pressure nears resistance. This behavior usually appears during the late consolidation phase, not during crashes.
When the selling pressure reduces near a key level without the price falling, it increases the probability of buyers entering once the breakout is confirmed. Ethereum does not see panic situations. Instead, carriers seem more willing to wait.
If the price of Ethereum secures a close day above $3,130, the next resistance is near $3,390. Passing this zone opens the way to the $4,000-4,020 area, in accordance with the move measured by the bull flag structure.
However, the bullish structure will weaken if Ethereum price drops below $3,090 or even $2,910. Closed under the last will break the pattern completely.
