Hey Glow ✨
$ETH Ethereum (ETH) is currently trading within a defined consolidation range after recent volatility. Price action suggests that the market is preparing for a decisive move.
? Key Technical Levels
? Support Zone:
ETH continues to hold above a strong demand area, showing buyers are active at lower levels. A breakdown below support could trigger short-term bearish pressure.
? Resistance Zone:
The immediate resistance remains a critical breakout level. A daily close above this zone with strong volume may confirm bullish continuation.
? Momentum & Indicators
RSI remains neutral, indicating room for movement in either direction.
Volume is slightly declining, suggesting traders are waiting for confirmation.
A volume spike could validate the next major move.
⚠️ Risk Management
Traders should avoid chasing breakouts without confirmation. Market correlation with Bitcoin remains a key factor in ETH’s direction.
? Conclusion
Ethereum’s long-term fundamentals remain strong due to its smart contract dominance and expanding ecosystem. However, short-term direction depends on volume confirmation and overall market sentiment.
As always — Test Before Trust.
Is ETH preparing for a breakout, or will we see another retest of support? 📉📈
