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🚨 #ETHTrendWatch – Ethereum Market Structure Update 🚨
Ethereum is currently in a compression phase — volatility exists, but directional conviction is limited. Price is rotating within a defined range, showing positioning, not momentum.
📊 Key Levels:
Support: ~$3,000 ✅ Buyers active on pullbacks
Resistance: Mid-$3,000s ✅ Sellers defending higher levels
💡 Technical Takeaways:
Price remains above the 200-week MA, preserving the broader bullish framework
Volume spikes near support → accumulation
Volume thins near resistance → profit-taking, capped rallies
Range-bound market suggests energy is building for next big move
⚡ Strategy for Traders:
Short-term: Wait for confirmation above resistance; watch RSI, MACD, and volume for breakout
Range traders: Operate within boundaries, focus on precision entries & disciplined exits
Long-term holders: View this as constructive consolidation; gradual accumulation preferred
⚠️ Risk Note:
Breakdown of key support can lead to deeper corrective moves. Capital preservation is key.
🧐 Closing:
ETH isn’t trending… yet it isn’t weak. The market is storing potential energy, awaiting technical and macro alignment. Traders respecting structure and managing risk will be ready for the next decisive phase — up or down.
#Ethereum #CryptoTrading #Altseason #ETH #CryptoAnalysis