$ETH Update
ETH is currently trading around $2,735 and has been consolidating inside a new range after the strong breakout from the previous range.
The previous range was roughly $2,390–$2,560. ETH eventually broke above it and pushed toward $2,780, creating a new consolidation zone around $2,650–$2,780.
Now the important part is the range breakout:
Above $2,780: could open the way toward $2,850–$2,900.
Below $2,650: the current structure would weaken and a deeper pullback could start.
$2,700–$2,730: short-term area to watch for support.
So far, ETH is holding the upper range well. A clean breakout above $2,780 would be the next major confirmation.
ETH is currently trading around $2,735 and has been consolidating inside a new range after the strong breakout from the previous range.
The previous range was roughly $2,390–$2,560. ETH eventually broke above it and pushed toward $2,780, creating a new consolidation zone around $2,650–$2,780.
Now the important part is the range breakout:
Above $2,780: could open the way toward $2,850–$2,900.
Below $2,650: the current structure would weaken and a deeper pullback could start.
$2,700–$2,730: short-term area to watch for support.
So far, ETH is holding the upper range well. A clean breakout above $2,780 would be the next major confirmation.
