$ETH consolidating tightly after its big leg up — a coiled range that usually resolves in the direction of the prior trend 🔍
Since the breakout from $1,864, price has been chopping sideways between $2,290-$2,566 for over a week, and it's currently holding the upper half near $2,492..
$ETH
That's constructive — RSI staying above 50 through the whole range shows buyers haven't lost the plot..
A push through $2,524 puts the range high at $2,566 back in sight, and clearing that opens the door to $2,650-$2,700..
As long as $2,290 holds as the range floor, $ETH structure still leans bullish.
Since the breakout from $1,864, price has been chopping sideways between $2,290-$2,566 for over a week, and it's currently holding the upper half near $2,492..
$ETH
That's constructive — RSI staying above 50 through the whole range shows buyers haven't lost the plot..
A push through $2,524 puts the range high at $2,566 back in sight, and clearing that opens the door to $2,650-$2,700..
As long as $2,290 holds as the range floor, $ETH structure still leans bullish.
