Ethereum / TetherUS
Who’s still watching ETH while everyone argues about the next meme coin? According to industry sources, traders are waiting on fresh clues about spot ETF inflows and the next Fed move, so ETH has been stuck in this tight range. Today’s headlines about mixed flows and cautious risk sentiment fit the price action perfectly – lots of noise, no decisive breakout yet.
On the 4H chart we’re bouncing between that 2140 support zone and a heavy supply band above 2200. Volume thins out in the middle and VPVR shows most interest below, so buyers are defending, not attacking. RSI is mid‑range after a reset from overbought, so I lean slightly bearish in the short term, expecting a dip back into the lower green demand areas before any serious trend move.
My base plan: as long as 2140 cracks on a 4H close, I’m hunting shorts toward the deeper demand cluster around 2050‑2000, maybe even lower if liquidity pockets get filled. If bulls suddenly wake up and we reclaim 2220 with strong volume, that flips the script and opens room toward 2300+. I might be wrong, but for now I’d rather fade this range than chase a breakout that hasn’t happened yet.
