$ETH sitting in consolidation right now. Clean read here — price is holding structure after the recent move, coiling before the next leg.
Next upside target: $2,823. That's the next fib extension level. Watch how price reacts as it approaches — if it breaks clean with volume, that's your confirmation for continuation. If it stalls and rejects, you're likely looking at a pullback or extended range.
Invalidation comes if we lose the current consolidation low. Until then, this is textbook pause-before-push behavior. Trade the breakout, not the chop.
Next upside target: $2,823. That's the next fib extension level. Watch how price reacts as it approaches — if it breaks clean with volume, that's your confirmation for continuation. If it stalls and rejects, you're likely looking at a pullback or extended range.
Invalidation comes if we lose the current consolidation low. Until then, this is textbook pause-before-push behavior. Trade the breakout, not the chop.