The #Ethereum price continues to range despite the release of important US statistics. Yesterday, news broke that the FBI has initiated investigations into several crypto projects. Against this backdrop, the price of Ether formed a bearish candle on the daily timeframe. There is no talk of growth at the moment. I anticipate that the current consolidation will end with a bearish impulse, leading the price towards the sloping support around 2200. Such a decline would allow for liquidity to accumulate at the bottom, potentially paving the way for a strong subsequent rise towards the opposite triangle boundary around 2600. Significant growth is not on the horizon yet, as breaking above 2800 seems highly unlikely at the moment.
