Ethereum (ETH) is currently trading near the 2,297 level on the 1-hour timeframe, showing signs of consolidation after failing to maintain momentum near its previous high around 2,462. Recent price action suggests that selling pressure is increasing as buyers become more cautious in the current market condition. The MA indicators are starting to move sideways, reflecting uncertainty in short-term direction, while the MACD indicator shows weakening bullish momentum. If ETH fails to hold support around 2,239, the market could experience another pullback toward lower levels. However, a recovery remains possible if buyers return with stronger volume and successfully break key resistance areas ahead.