$ETH On the daily candlestick chart, Ethereum is currently trading in a sideways consolidation phase after a recent downtrend. The candles show smaller bodies, which indicates that buyers and sellers are currently balanced. �

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Key Candle Signals

🟢 Bullish candles near support suggest buyers are defending lower levels.

🔴 Rejection wicks near resistance show selling pressure when price moves higher.

A strong green candle breakout above resistance could signal a short-term rally.

Important Levels

Support: around $1,800 – $2,000

Resistance: around $2,100 – $2,200

If the daily candle closes above $2,100, ETH could move toward $2,200–$2,400. �

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Market Outlook

Short-term: Neutral / sideways

Medium-term: Slightly bearish until resistance breaks

Bullish scenario: strong breakout candle above resistance

Bearish scenario: break below $1,800 suppor

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ETH
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