Recent price action of $ETH on the 1-hour chart shows a pattern forming between defined support and resistance levels. After a pullback from recent highs, price has been oscillating within this zone, creating a sequence of higher lows and lower highs — a classic sign of compression before a potential breakout.

The tightening range suggests that market participants are indecisive right now, with buyers and sellers battling for control. A clean break above the upper boundary of this pattern, especially with increased volume, would signal strength and the possibility of continuation. On the other hand, failure to reclaim resistance could lead price back toward the support zone.

For now, the structure points to watching key levels closely and letting price confirm direction.

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ETH

3,321.38

+7.01%