Ethereum Compression Signals Breakout As Macro Pressure Increases

Trading at constricted levels after weeks of consistent selling pressure puts Ethereum under a great test. As world tensions rise, the larger crypto market is under strain. The trade war between US President Donald Trump and China still influences macroeconomic mood and makes investors wary in all high-risk asset categories.

Though this week's declaration of a 90-day tariff suspension for all nations except China suggests uncertainty still. One of the main causes of uncertainty in price movement and still weighs on markets the unsettled situation of US-China trade relations. This has meant very little volatility and a stagnant price structure for Ethereum.

Daan offered observations implying that Ethereum's price has been "very compressed" and that for the most of two days it has not demonstrated any appreciable change. Daan claims that this kind of constriction normally comes before a major breakout; the direction of such movement is still undetermined.


ETH Bulls Try to Get Control

Following many days of sluggish price activity, Ethereum is trading around $1,590, straying between support at $1,550 and resistance over $1,700. ETH has battled to create the momentum required to break out and validate a temporary rebound even while it remains above the lower end of this range.

ETH has to go above the 4-hour 200-day moving average (MA) and exponential moving average (EMA), both of which remain dynamic barriers if bulls are to create a firmer position. A breakthrough above these benchmarks might start a recovery phase and inspire traders' fresh interest.

The real challenge, however, comes at the $2,000 level—a significant zone of psychological and technological opposition. Recovering this level would change the attitude of the market and provide possibility for more ambitious goals.

#ETH #Ethereum #ETHETFsApproved $ETH