ETHUSDT H4: $1912.46 - The Calm Before The Breakout?
Ethereum pumped from 1500 to 1968 in July, but now we’re stuck.
Current price: 1912.46 What I see: 1. RANGE: ETH has been chopping between 1831 - 1968 for 3 weeks. No clear direction. 2. VOLUME: Drying up hard. Volume 4452 vs 30k+ in July. Low volume = big move coming. 3. KEY LEVELS: Resistance: 1968 - 2013. A daily close above 1968 flips us bullish to 2059. Support: 1877 - 1831. Lose 1877 and we retest 1786.
This is textbook compression. Market is waiting for a catalyst.
Question for you: Do we break UP to 2k, or dump DOWN to 1800 first? Drop your bias below 👇
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Bitcoin has been stuck in a 3-month range after the drop from 71.6k.
Current price: 63490 Key resistance: 65.1k - 67.3k zone. Need a daily close above to flip bullish. Key support: 60.8k - 58.7k. A break below opens door to retest June lows.
Volume has dried up = compression before expansion.