Ethereum is approaching a critical juncture that could shape the rest of the summer. Currently trading within a compressed range on the daily chart, ETH is caught between the 200-day EMA near $2,380 and the 50-day EMA around $2,500. This tight convergence, known as an EMA squeeze, often signals that a major price move is imminent as volatility compresses and market participants become indecisive. Over the past three weeks, ETH has remained in this narrowing range following a failed breakout above $2,800 in early June. Since then, bears have capped upward momentum while bulls continue to...