$ETH - price analysis: Tricky times Ahdea? 📊
Global Structure (Long-Term View):
🔸The chart remains bullish above the $ 3,180 level (monthly view). 📈
🔸That said, prices are stuck under a potential double-top ATH resistance at 4,800– 4,950. ⚠️
🔸Monthly High: $ 4,755
🔸Monthly Low: $ 3,435
🔸Current price is showing a Doji candle on both monthly and weekly charts, sitting exactly in the middle range from low to high. Neutral vibes for now! 🤔
Daily View:
Price is holding above the previous key resistance zone of 3,700 - 3,750.
Upper Key Resistances to Watch:
$ 4,300 - $ 4,540 - $ 4,75 - $ 4,950
What to Expect (Medium-Term Outlook):
We're in a sideways phase within the yellow zone: 4,250– 3,700, until a real breakout happens.
If bulls keep consolidating above $ 3,180, an upward move seems likely.
Tricky moment-there's literally no clear long-term or medium-term direction right now.
I've highlighted key levels and possible setups in my charts below. #DYOR
In case of a bad market event and bearish breakout, 2,850 and 2,500 could act as key bottoms.
My Take: This feels like a consolidation trap, bulls or bears, who's winning?
Share your thoughts below!
Bullish rebound or more downside? 👇
Key levels, yellow zone, and Doji highlights in my charts.
