$ETH | Update

Currently consolidating for 42 days within a clear range.

> Resistance zone $2800: price has repeatedly tested the red zone without breaking above it, signaling strong selling pressure.

> Support zone $2350: buyers are stepping in consistently around these levels, keeping price from falling lower.

This tight range could be setting up for a bigger move. A breakout above $2,850 could open the door to a rally toward $4,100, while a breakdown below $2,350 may bring further downside.

For now, $ETH is in "wait-and-see" mode. Patience is key - the longer the consolidation, the stronger the eventual breakout.