๐ Ethereum (ETHUSD) is currently trading within a consolidation zone between key support at $2458 and resistance near $2720 on the 1H timeframe.
๐น Breakout above $2700 could indicate potential bullish momentum continuation.
๐ป Breakdown below $2450 may suggest bearish sentiment gaining control.
The price has been moving sideways, showing indecision and reduced volatility. Traders often monitor such range-bound phases for potential breakout opportunities in either direction.
โ This chart is for educational and analytical purposes only. It is not financial advice. Always do your own research and risk management.
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๐ Key Levels:
โข Resistance: $2720
โข Support: $2458
โข Bearish zone under: $2500
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