Ethereum Weekly Forecast: Profit-Taking Caps Rally as Network Activity Stalls

BitcoinWorld Ethereum Weekly Forecast: Profit-Taking Caps Rally as Network Activity Stalls Ethereum’s recent price rally has lost momentum as profit-taking intensifies, while on-chain network activity remains subdued, signaling a potential consolidation phase for the world’s second-largest cryptocurrency.

Profit-Taking and Price Action After a strong upward move over the past two weeks, ETH has faced increased selling pressure from traders locking in gains.

This profit-taking behavior is typical after sharp rallies, especially when network fundamentals do not keep pace with price appreciation. Technical indicators suggest that the immediate upside is limited, with resistance levels holding firm.

As of this week, ETH is trading within a narrow range, struggling to break above key moving averages. The lack of a clear breakout could lead to further sideways movement in the short term.