Short
$ETH #eth here
Market note – for discussion only, not financial advice.
Entry: 2086-2070
SL: 2095
Tp1: 2065
Tp2:2060
Tp3:2050
On the M5 timeframe, ETH is currently trading within a short-term range after a sharp intraday expansion. The zone around 2083–2088 has acted as a clear reaction area multiple times, showing repeated rejections whenever price attempts to push higher. This suggests the presence of supply, as buyers have not yet been able to sustain acceptance above that level.
The latest move shows price pulling back and attempting to stabilize rather than collapsing, indicating that the market is still in a balancing phase. Lower highs inside this range reflect short-term hesitation, while the absence of strong continuation in either direction points to consolidation rather than trend.
If price continues rotating below the highlighted resistance, the market may remain range-bound while liquidity builds for the next move. A clean acceptance above or below this structure would likely be needed before a clearer directional bias forms.
In conditions like this, patience and confirmation are more valuable than prediction, as lower timeframes can shift quickly without sustained volume.