$ETH bounced strongly from the range support and pushed straight back into the upper resistance zone.
Price is now testing the same supply area where we saw rejections before, so this is an important spot. A small pullback from here would be normal after such a sharp move, but holding above the mid-range keeps bullish pressure intact. If buyers manage to flip this zone into support, we can see continuation higher. Otherwise, expect some consolidation or a dip back inside the range. Watch this level closely, this move decides the next direction. #ETH #Ethereum
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$ETH bounced strongly from the range support and pushed straight back into the upper resistance zone.
Price is now testing the same supply area where we saw rejections before, so this is an important spot. A small pullback from here would be normal after such a sharp move, but holding above the mid-range keeps bullish pressure intact.
If buyers manage to flip this zone into support, we can see continuation higher. Otherwise, expect some consolidation or a dip back inside the range.
Watch this level closely, this move decides the next direction.
#ETH #Ethereum