$ETH Market Structure Update
Ethereum is currently compressing within a tightening consolidation range following its recent sell-off, trading around $2,150–$3,220 while holding mid-range support near $2,420.
📉 Volume continues to contract, signaling market indecision and increasing the likelihood of an upcoming volatility expansion.
📊 Momentum Indicators
RSI: Hovering near 47–51, reflecting neutral momentum with room for a directional move
MACD: Flattening and attempting a bullish crossover on lower timeframes
⚠️ Market Structure Price action remains fragile below the $2,250–$2,120 resistance zone, where sellers previously dominated.
🚀 Bullish Scenario A confirmed breakout above $2,150 could open the door for a move toward $3,000.
📉 Bearish Scenario Failure to hold $2,300 support may trigger a deeper pullback toward the $2,050–$2,400 demand zone.
