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Ethereum is currently trading in a consolidation phase, where buyers and sellers are in a close battle ⚔️. Recent candlesticks show small bodies with long wicks, signaling indecision in the market.
🔍 What candles are telling us:
•🟢 Long lower wicks → Buyers are strongly defending support •🔴 Upper wicks → Sellers are active near resistance •⚖️ Mixed candles → Market is waiting for a big move
📈 Bullish scenario:
A strong green breakout candle above resistance can push ETH higher.
📉 Bearish scenario:
A red breakdown candle below support may lead to a pullback.
💡 Conclusion: ETH is coiling like a spring — once it breaks out, expect a sharp move!