$ETH Tightening Below Resistance – Compression Before Expansion?
Ethereum is trading at $3,551.30, showing signs of hesitation near short-term resistance after a failed breakout attempt. With price locked in a narrow range and volume tapering off, the next decisive move could bring sharp volatility.
Key Levels to Watch
• Resistance: $3,560 – A confirmed breakout could lift ETH toward $3,590 and $3,625
• Support: $3,540 – Losing this level may trigger downside pressure toward $3,510 and $3,475
Trade Setup
Bullish Scenario
• Entry trigger: Break and hold above $3,560
• Target 1: $3,590
• Target 2: $3,625
Bearish Scenario
• Entry trigger: Drop below $3,540
• Target 1: $3,510
• Target 2: $3,475
ETH is at a short-term decision point. A breakout could lead the next leg of upside, but failure to reclaim momentum may invite a deeper retracement. Watch for volume confirmation.
