Ethereum ($ETH) is currently holding strong above a key support zone, with price moving in a controlled consolidation range. Buyers continue to step in during pullbacks, forming a stable structure that suggests steady accumulation.

Repeated tests near resistance show that bullish pressure is gradually building. This type of compression often leads to a decisive breakout once enough liquidity is gathered.

If ETH breaks above resistance with strong volume confirmation, the next move could target higher liquidity zones. Until then, the market may continue ranging as traders wait for a clear signal.

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