• Ethereum shows strength with solid support at $1,800 in a volatile market.
  • High-volume sessions drive price spikes higher, with highs of $1,875 during active trading.
  • Consolidation phases exhibit steady upward pressure as the price increases from $1,830 to $1,865.

Ethereum’s price action recorded multiple phases of upward and downward trends throughout the latest trading session. Candlestick charts displayed precise data on price fluctuations, trading volume, and interval-specific performance.

Price Movements and Volume Activity

The chart shows consistent price movements, including bullish, bearish, and consolidation phases within hourly intervals. Trading activity remained robust, with high-volume sessions driving notable price changes. Breakout patterns emerged during specific intervals, reflecting aggressive market participation and fluctuating sentiment.

According to market analyst Marzell, Ethereum demonstrated stronger-than-expected support throughout the trading session. Data shows the first interval opened at $1,800, with a high of $1,850. The session closed at $1,840 after reaching a low of $1,780, with a volume of 4,200 ETH.

Source: Marzell

Shifts Between Bullish and Bearish Phases

Later levels were uniformly in an uptrend, with prices moving higher to $1,860 from $1,840 opening. Traded volume dropped to 3,800 ETH, reflecting lukewarm participation. Another session registered a drop from  $1,850 to close at $1,830 with volume slightly inching higher to 5,000 ETH.

Marzell’s observation reveals extreme oscillations, for instance, a high price of $1,875 in a session with a volume of 5,200 ETH. Price retracement followed, and during certain times, the lows were $1,820 and $1,825. Data reveals profit-taking at the end of sharp price rises in some instances.

Consolidation and Market Stability

The timespan shows large price gaps and consolidation periods between the bearish and bullish periods. A few intervals witnessed renewed upward pressure, with prices going up from $1,830 to $1,865. Volumes of 4,500 ETH were smaller during these increases.

Final sessions logged mid-range fluctuations with highs of $1,860 and lows of $1,835. The last interval closed at $1,845, registering consistent trading activity. The overall chart reflects stable data points, which confirm Ethereum’s dynamic activity in the trading day.

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Francis E is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.