ETH is currently consolidating at a high level—will it break out or form a top? Many people are stuck in indecision.

My view is slightly bullish. The pullbacks during this consolidation have been shallow, which suggests there isn’t much selling pressure. It looks more like building momentum than distribution. The direction should be chosen within these next two days. If it breaks above the previous high on increased volume, it can still move higher. If it breaks down below the consolidation range, you need to watch the risks.

Tomorrow should provide the answer—let the market decide. $eth