🔍 Technical Analysis of Ethereum (ETH)

Ethereum is currently trading within a narrow range that has persisted for several weeks, forming a compression structure that often precedes significant breakouts. Despite the volatility in global markets, driven by rising tensions in the Middle East, ETH has shown resilience, remaining strong above key demand zones around $2,500–$2,600.

🛠️ Price Structure

The current environment is marked by geopolitical uncertainties and macroeconomic risks weighing on investor sentiment.

Support: Ethereum is consolidating above the $2,600 level, holding firm despite headwinds.

Consolidation Pattern: Analyst Ted Pillows notes that ETH is following a consolidation pattern similar to what Bitcoin experienced between 2017 and 2021, where compression in a narrow range led to a parabolic breakout.

📈 Future Outlook

If Ethereum follows a path similar to BTC, a significant movement may occur, especially if ETH surpasses important resistance levels like $2,800.

Price action may continue sideways until there is clarity in the geopolitical landscape, but Ethereum's price structure suggests that bulls are patiently building momentum.

⚠️ Risks and Opportunities

Caution is warranted as some market participants warn of a possible retracement below $2,400 if demand weakens.

In contrast, optimistic analysts like Ted Pillows see a positive outlook, suggesting that the truly explosive phase of ETH will not begin until it surpasses $4,000.

🔮 Conclusion

The strong consolidation above the demand zones reflects ongoing buyer interest and a lack of heavy selling pressure. If this setup holds, a broader increase in altcoins could be triggered, shifting the overall sentiment of the cryptocurrency market to an optimistic scenario.