$ETH Range Bound: Are You Buying The Dip or Catching Knives? 🧐
This is a Macro/Fundamental Analysis piece focusing on price structure and market psychology.
$ETH saw a massive rally followed by a healthy rejection, which is textbook consolidation, not a trend reversal. We are currently trapped in a wide range, actively shaking out the weak hands while the smart money accumulates. Major resistance sits firmly between $4,800 and $5,000 where the previous peak failed. The current holding zone is $3,800 to $4,100, acting as the immediate battleground. True downside protection lies much lower, near the $2,600 to $2,800 support cluster. Stop chasing the euphoria; this is the time for strategic patience and planning your entries when sentiment flips negative. 🧠
#Ethereum #CryptoAnalysis #RangeTrading #Patience
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