#eth $ETH

Price Action:

• ETH has recently broken out from a consolidation or range around the $1,600–$1,700 zone.

• After the breakout, price surged and is now consolidating near the $1,800–$1,820 area.

Structure & Bias:

• Market Structure: Bullish – higher highs and higher lows are clearly visible.

• Current Behavior: Price is in a consolidation/sideways phase after a strong bullish impulsive move, which often suggests potential for continuation.

Key Zones:

• Support: Around $1,760–$1,780 (recent breakout level – now potential demand zone).

• Resistance: Around $1,820–$1,850 (price is stalling here – a break above could fuel another rally).

Trade Idea:

• If price pulls back to $1,770–$1,780 and shows bullish confirmation (like a bullish engulfing candle), it could be a good long entry.

• Break above $1,820 with strong momentum might signal a continuation toward $1,900+.