💎 ETHEREUM HAS BEEN COMPRESSED BETWEEN $2,350 AND $2,600 FOR WEEKS.

Compression always ends in expansion. The only question is direction.

📊 PROGRESS
→ Now: ~$2,440
→ Recovered from $1,900 summer base → +28% off the lows
→ Held $2,400 through the Fed hike AND the CLARITY failure
→ Exchange supply keeps tightening — less ETH available to sell

⚡ WHY IT'S STUCK
→ Rejected at $2,500 multiple times
→ ETH ETFs: -$224M on Wed — the bid that defended $2,400 vanished on hike day
→ Glamsterdam upgrade (meant to win back L2 fees) failed a devnet test — may slip to 2027
→ ETH/BTC still weak — capital hasn't fully rotated

🎯 LEVELS THAT MATTER
🟢 Support: $2,405 → $2,387 → $2,356 (range floor) → $2,250 → $2,000
🔴 Resistance: $2,500 → $2,570 (breakout trigger) → $2,615 (Sept high) → $2,700

🔮 NEXT MOVE
🐂 BULL: 4H close above $2,570 with volume → $2,700 → $3,000 (Ali Martinez's map)
😐 BASE: More chop $2,350-$2,600 while market digests the Fed
🐻 BEAR: Lose $2,356 → $2,250 → little support until $1,900-$2,100

Structure is more resilient than Bitcoin's right now. But it needs a catalyst it doesn't have yet.

Break UP or break DOWN? Call it 👇

$ETH $BTC

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