$ETH is sitting at a level that has defined the last 4 years 🚨
Zoom out and it’s obvious
Ethereum has been ranging inside a massive consolidation, roughly between the $1,000–$4,500 zone
Right now we’re near the lower half of that range again, around $2,000
This is where decisions get made
Either this becomes another higher low inside the structure or the range finally breaks and we accept a deeper reset.
If $1,800–$2,000 holds
I expect a rotation back toward $2,800 first, then $3,500
Lose that support cleanly, and $1,500 becomes the magnet
After four years of compression, the eventual expansion won’t be small.
Zoom out and it’s obvious
Ethereum has been ranging inside a massive consolidation, roughly between the $1,000–$4,500 zone
Right now we’re near the lower half of that range again, around $2,000
This is where decisions get made
Either this becomes another higher low inside the structure or the range finally breaks and we accept a deeper reset.
If $1,800–$2,000 holds
I expect a rotation back toward $2,800 first, then $3,500
Lose that support cleanly, and $1,500 becomes the magnet
After four years of compression, the eventual expansion won’t be small.