$ETH

ETHUSDT.P is consolidated in a weekly range, reflecting indecision in the market. The key levels of the range are support and resistance, marked by recent lows and highs. This lateral movement indicates a lack of strength from both buyers and sellers, suggesting that accumulation or distribution is underway. It is crucial to wait for a clear break in the range, either up or down, to confirm a definite direction. Operating within the range can be risky due to false ruptures. Patience is key while monitoring volumes and price confirmations.

The red lines are the weekly levels