Saad Ullah
⬤ Ethereum (ETH) is sitting at $2,939, a solid 40% off its all-time high. Right now, it's stuck in limbo. The so-called "smart money" isn't panic-selling, but they're not exactly rushing to buy the dip either. Think of it like a coiled spring—lots of tension building up, just waiting for the right moment to pop. The magic number everyone's watching? $3,345. Break through that ceiling, and we could see ETH take off.
⬤ The current setup has Ethereum boxed in between $2,900 support and $3,345 resistance. Nobody's making bold moves right now. Holders aren't dumping their bags, but buyers are playing it safe, sitting on the sidelines. It's classic market indecision. But here's the thing—if ETH can punch through that $3,345 wall, we might see a serious rally that tests those previous highs. That resistance level? It's the gatekeeper to what could be Ethereum's next big run.
⬤ Looking at the charts, Ethereum's just... waiting. It needs something—news, momentum, anything—to spark the next move. If it clears $3,345, bullish energy could flood back into the market fast. Until then though, expect more of the same: sideways action and patience-testing consolidation. Traders have their eyes glued to that $3,345 mark because it's basically the line between "stuck in neutral" and "full speed ahead."
⬤ This consolidation phase shows just how uncertain things are right now. The market's waiting for a clear signal on which way to go. Breaking above $3,345 would scream bullish confidence—that'd be the green light everyone's looking for. But until that happens, ETH's probably going to keep bouncing around these levels. Whether Ethereum reclaims its upward momentum or stays trapped in this range all depends on cracking that resistance barrier.
Saad Ullah
