Ethereum price analysis (Neutral) — 3175.21 USDT (-1.18% 24h)

Ethereum is showing consolidation patterns around the $3,175 level as traders digest recent market movements. The current price sits just above the 20-day SMA at $3,169.85, providing near-term support, but faces resistance from the 50-day SMA at $3,248.42. The RSI reading of 49.29 indicates neutral momentum with neither bulls nor bears in clear control. The -1.18% 24-hour decline suggests mild selling pressure, though the substantial $2.2 billion trading volume indicates healthy market participation. Volatility remains moderate at 3.89%, typical for ETH during consolidation phases. Traders should watch for a decisive break above $3,250 for bullish confirmation or a drop below $3,150 for bearish momentum. Position sizing should remain conservative until clearer directional signals emerge. Consider accumulating on dips toward $3,100 support with tight stops for risk management.