$ETH /USDC SHOWING SIGNS OF ACCUMULATION AROUND $2800 ZONE
On the 15-minute chart, $ETH /USDC is displaying a classic sideways consolidation between $2,790 and $2,800 after a sharp rejection from the $2,835 high. The range-bound action suggests accumulation as bulls defend the $2,790 level. Price is currently hovering around $2,796.41 with modest buying volume returning.
š Key Observations: ā¢ Strong bounce from 15M support near $2,780
ā¢ Resistance forming around $2,800 ā needs breakout for continuation
ā¢ Volume gradually increasing during green candles ā signs of buyers stepping in
ā¢ Higher low formation visible on lower timeframe
š Possible Scenarios: A breakout above $2,800 with volume could open a path toward retesting $2,820 and $2,835. However, failure to hold $2,790 may lead to a deeper retest of $2,760ā$2,750 zone.