Ethereum is currently trading in a price zone that has repeatedly played a key role across multiple cycles. In 2021, this area acted as a major distribution range after the bull-market peak. In 2022, it flipped into a strong resistance during the bear market, rejecting price multiple times before deeper downside followed. Now, ETH is back in the same zone, but under a different market context.
What makes this moment important is not the price itself, but how the market behaves here. If ETH can hold this range, build a higher base, and show sustained acceptance above key moving averages, it would signal a structural shift toward a healthier recovery phase. However, failure to hold and repeated rejections would suggest this is still a consolidation phase rather than the start of a new trend.
Historically, this zone has never resolved quickly. It tends to demand patience before direction becomes clear. The coming weeks will likely define whether ETH transitions into a broader uptrend or remains range-bound as the market digests liquidity and sentiment.
This is a zone for observation, not emotion.
The market will show its hand.