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Ethereum has been consolidating for over two weeks on the H4 timeframe, building up pressure on both sides. The big question is: where will it break next?
Ethereum’s price action has been consolidating for over two weeks on the H4 timeframe. This sideways movement has built up pressure on both the upside and downside, leaving traders wondering: where will ETH break next?
If we zoom into the M30 timeframe, there’s a key supply zone that we can identify. This zone previously triggered a price reaction after taking out key levels on the left. This suggests potential manipulation, making it a prime area for another reaction.
On the downside, the M15 timeframe showcases a demand zone that stands out as an interesting level to monitor. If price revisits this area, we could see a strong bounce.
Ethereum Analysis: What’s Next for ETH?
Ethereum’s current range is a classic example of market indecision. Two weeks of sideways movement without progression in either direction typically means that liquidity has been stacked on both ends, setting the stage for an inevitable breakout.
Key Levels to Watch:
M30 Supply Zone – A strong reaction is possible if Ethereum revisits this level.
M15 Demand Zone – A solid area for buyers to step in.
Patience is crucial in this scenario. The next move could happen today, tomorrow, or next week—but rushing into a trade without confirmation is how retailers get trapped.
Final Thoughts
No one can predict the market’s next move with 100% certainty. Price action can shift in unpredictable ways, and the best approach is to react rather than predict. The levels outlined above are worth watching, but always wait for confirmation before taking action.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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