📊 ETHUSD Market Analysis - Consolidation Below Resistance
ETHUSD is currently trading in a strong consolidation zone just below a key resistance. The last attempt to rise failed due to clear selling pressure at the supply zone.
• The market structure remains confined between the upper resistance and the lower demand zone.
• If resistance holds, the price is expected to retreat toward the mid support.
• A deeper correction may push the price toward the lower demand zone.
• A clear breakout above resistance will support the continuation of the uptrend strongly.
ETHUSD is currently trading in a strong consolidation zone just below a key resistance. The last attempt to rise failed due to clear selling pressure at the supply zone.
• The market structure remains confined between the upper resistance and the lower demand zone.
• If resistance holds, the price is expected to retreat toward the mid support.
• A deeper correction may push the price toward the lower demand zone.
• A clear breakout above resistance will support the continuation of the uptrend strongly.
