🔥 $ETH Coiling Up: Breakout Imminent or More Chop?

$ETH has seen some solid gains recently but is now consolidating, teasing its next big move. 🧐 ETF inflows signal continued institutional interest, while important network developments and upgrades are progressing, bringing both excitement and new considerations for the ecosystem. The price is currently bumping against some key resistance levels, and open interest is notably high, hinting at potential incoming volatility.

📊 Trading Outlook:

🚀 Potential Long (Leverage: Yes, with caution): A decisive break and hold above the $2800-$2850 resistance zone could signal further upside, potentially targeting the $3000 mark and higher.

📉 Short Setup (Leverage: Yes, with caution): If $ETH fails to push through resistance and instead breaks down below the $2400 support level, we might see a retest of lower levels, possibly towards the $2100-$2200 area.

Remember, this is not financial advice (NFA). Always do your own research (DYOR). ⚠️

#ETH #Ethereum #CryptoTrading #Altcoins #MarketUpdate