$ETH /USDT Sideways Consolidation — Awaiting Breakout Confirmation

Ethereum is currently hovering around $1,843, reflecting uncertainty on the 1-hour chart. The price remains confined between $1,813 and $1,871, with no decisive breakout in sight. While buyers are attempting a recovery, repeated rejection near $1,860 indicates that bullish momentum is still lacking.

Trade Setup (Range Strategy):

Long Entry: $1,835 – $1,840

Take Profit Targets: $1,860 / $1,871

Stop Loss: $1,827

Market Outlook:

$ETH continues to trade within a narrow range, oscillating between established support and resistance. A confirmed move above $1,871 or below $1,813 will likely signal the next trend direction. Until then, range-based scalping with disciplined risk management remains a prudent approach.