$ETH — The Squeeze Gets Tighter
ETH has spent two days locked between 2,215 and 2,260, and the range keeps narrowing. 24h volume dropped by about two-thirds, and buy and sell pressure is sitting near 50/50.
This is the calm before a move. The question is which direction.
🟢 Bullish scenario
• 2,215–2,200 keeps getting defended
• A 4H close above 2,260 opens 2,280, then 2,320
• Above 2,320, the 2,400 zone comes back into view
🔴 Bearish scenario
• The Nov 5 rejection from 2,440 still hangs over the chart
• Every bounce has stalled below 2,260
• A 4H close below 2,200 likely sends price searching for lower liquidity
📍 Levels I'm watching
Support: 2,215 / 2,200
Resistance: 2,260 / 2,280 / 2,320
⚠️ Weekend volume is thin, so early breakouts can be traps. I'd rather wait for the weekly close and a confirmed move with volume behind it.
Breakout or breakdown first? Drop your call below 👇
NFA · DYOR
#JobsReportRaisesHikeOdds #BinancePick
ETH has spent two days locked between 2,215 and 2,260, and the range keeps narrowing. 24h volume dropped by about two-thirds, and buy and sell pressure is sitting near 50/50.
This is the calm before a move. The question is which direction.
🟢 Bullish scenario
• 2,215–2,200 keeps getting defended
• A 4H close above 2,260 opens 2,280, then 2,320
• Above 2,320, the 2,400 zone comes back into view
🔴 Bearish scenario
• The Nov 5 rejection from 2,440 still hangs over the chart
• Every bounce has stalled below 2,260
• A 4H close below 2,200 likely sends price searching for lower liquidity
📍 Levels I'm watching
Support: 2,215 / 2,200
Resistance: 2,260 / 2,280 / 2,320
⚠️ Weekend volume is thin, so early breakouts can be traps. I'd rather wait for the weekly close and a confirmed move with volume behind it.
Breakout or breakdown first? Drop your call below 👇
NFA · DYOR
#JobsReportRaisesHikeOdds #BinancePick
