$ETH

$ETH Price Action

Currently, $ETH shows signs of an anticipated downward move within the next two hours that has yet to unfold. Reflecting on last night’s abrupt one-hour sell-off, two primary scenarios emerge:

1. Scenario 1:A drop to the 20–30 range (relative to key support levels) could trigger stop losses for traders holding short positions above this zone.

2. Scenario 2:A bullish breakout above the previous high could trap overleveraged short sellers, forcing them to cover positions as price climbs.

In both cases, a subsequent surge in trading volume over the next two hours may ultimately catalyze a renewed downtrend.

Alternative Outlook: If neither scenario materializes, ETH might enter a prolonged consolidation phase, oscillating sideways to exhaust market participants. Once this period concludes and directional momentum builds, a rapid downward “unloading” (sell-off) could follow, aligning with the broader trend.

This hinges on whether volatility erupts from recent compression or the market continues delaying the move through time-driven attrition.