#GENIUSActPass Ethereum price outlook: $3,200 or $1,587 as 39-day range nears breakout

Ethereum has now traded in a tight range for over a month, with neither bulls nor bears taking full control. As price compresses and volatility stalls, the setup becomes increasingly primed for a strong directional move, but which way will it break?

For the past 39 days, Ethereum eth1%Ethereum has been locked between two critical high time frame levels, with price action failing to produce a definitive trend. This prolonged consolidation signals one of two potential outcomes: an accumulation phase before continuation higher, or a distribution phase that leads to a breakdown and deeper correction.