🚨 Ethereum Consolidating Between $1820 & $1950: Which Way Next? 🚨
Ethereum has been stuck between $1820 and $1950 for the past week, and the big question is: Will it break upwards or downwards? 🤔
🔼 Scenario 1: Upside Breakout
If ETH breaks above $1950 and sustains that level, it could spark a rally, especially with $1.16 billion in liquidations waiting at $1994. 📈
💡 Strategy: Wait for a retest of $1950 as support and consider going long if the price holds above it.
🔽 Scenario 2: Downside Breakout
If ETH drops below $1820, it could trigger a decline towards $1785, where $900 million in liquidations are sitting. 📉
💡 Strategy: Look for a retest of $1820 as resistance and consider entering a short position.
💥 Stay alert to these key levels and trade accordingly as Ethereum decides its next move! 🚀