so $ETH | 1H Market Structure Update

Recent price action on the 1-hour chart shows ETH consolidating between well-defined support and resistance after pulling back from recent highs.

📊 The range is tightening, with higher lows and lower highs forming — a textbook compression / coil pattern, often seen before a volatility expansion.

⚖️ This structure reflects market indecision, as buyers and sellers continue to battle for short-term control.

🔼 Bullish scenario:

A decisive breakout above the upper boundary, confirmed by strong volume, would indicate momentum strength and open the door for continuation.

🔽 Bearish scenario:

Rejection at resistance could send price back toward the lower support zone for another test.

⏳ Bottom line:

No bias until confirmation. Let price choose direction and react at key levels.

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