$ETH

🤔 Ethereum’s Current Trend: A Calm Before the Storm?

Ethereum is moving in a strange sideways pattern right now, trading in a tight range for the past two hours—and traders are starting to ask: what’s going on?

Normally, if ETH broke below \$2,490, it would be expected to test the \$2,435 support, with potential to drop even further toward \$2,300 for a healthy correction. But instead, this morning saw a sharp and unexpected surge to \$2,570, throwing off many short-term predictions.

Now, all eyes are on the \$2,580 resistance level. A breakout here could trigger a rally toward the \$2,620–2,665 zone. However, there’s a significant cluster of short interest in the \$2,630–2,680 range, while strong buy orders are sitting just below at \$2,450–2,380.

This creates a classic bull vs. bear standoff—with both sides waiting for a decisive move.

📉 If price breaks down, support levels are clearly defined.

📈 If it breaks up, expect a short squeeze to accelerate the move.

With divergent forces building, this could be a prelude to a volatile breakout or breakdown.

What’s your take—are the bulls gaining control, or are the bears setting a trap