🧩 $ETH Price Action Analysis 🗿

1. 📉 Rejection at Resistance (2,680):

Price spiked into the $2,680 resistance zone and got rejected with a strong upper wick, indicating sell pressure at that level.

This suggests that bulls failed to sustain the breakout and the resistance zone is still intact.

2. 📈 Support Holding (2,620):

The bounce from the $2,620 area earlier today confirms this zone as a demand base.

Strong volume entered near that level, suggesting possible accumulation or aggressive dip buying.

3. 🔁 Consolidation Behavior:

ETH is currently trading within a defined horizontal range between $2,620 and $2,680.

This is a neutral-to-bullish consolidation, typical before a breakout continuation or deeper pullback.

✅ Bullish Breakout:

Trigger: Clean break and hold above $2,680 with increasing volume.

Target: Retest of $2,703 and then potential move toward the 24h high at $2,712+.

Confirmation: 15m candle close above resistance with follow-through.

🎯 Trade Strategy (Not Financial Advice)👀

Range Trader Play: Short near $2,680 / Long near $2,620 with tight stops.

Breakout Trader Play: Wait for a confirmed breakout above $2,680 with volume spike before entering long.

Risk Management: Always set a stop-loss below recent swing lows/highs.

❌ Bearish Rejection:

Trigger: Multiple rejections at $2,680 followed by a break below $2,650.

Target: Revisit $2,620 zone, possibly deeper retracement to $2,600 if selling intensifies.