I’m watching $ETH here… and this is a dangerous spot.
$ETH — TECHNICAL ANALYSIS⚠️
Price is right back at major resistance (2.38K – 2.42K) — and you can already see the reaction.
Multiple touches… multiple rejections… no clean breakout.
That’s not bullish continuation — that’s sellers holding the line.
At the same time, ETH is still climbing with higher lows on a rising trendline, which keeps bulls hopeful.
But here’s the reality:
👉 Price is compressed between strong resistance and rising support
👉 Every push up is getting weaker
👉 Liquidity is building just below
This is not a comfortable long zone.
This is a decision zone.
👉 Break and hold above 2.42K → continuation toward 2.5K+
👉 Rejection here → fast drop back to 2.25K – 2.2K
No middle ground.
This is where traders get trapped chasing breakouts.
I’m not chasing resistance.
I’m waiting for confirmation — because once this resolves, it will move fast.
Stay sharp.
Trade Here 👇🏻
