Here’s how I’m looking at Ethereum (ETH) right now 👇

From what I see, ETH tried to break above the $2,200 resistance on Wednesday, but it failed. Sellers are clearly very active at that level and not letting the price move higher easily.

At the moment, the chart is not giving a strong signal on either side. The moving averages are flat, and RSI is also around the middle. For me, this means there is no clear trend — neither bulls nor bears are in full control.

So I feel ETH might just move in a range for some time.

My view on ETH right now:

Right now, I think ETH can keep moving between:

$2,200 on the upside

$1,916 on the downside

Basically, it looks like a sideways market for now.

What I’m watching next:

If price goes up:

ETH needs to break and stay above $2,200

If that happens, then I think it can move towards $2,400

After that, next level could be $2,600

If price goes down:

If ETH closes below $1,916

Then we can see a drop towards $1,750

That’s a very important support level

Final thought:

In my opinion, ETH is just stuck in a range right now. No clear direction yet

So I’m just waiting for a proper breakout or breakdown before taking any strong position