Ethereum's Battlefield: My View on the ETH/USD Tug-of-War

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Abstract generation in progress

ETH is caught in a power struggle - stuck between upper rejection zones and lower demand areas. Looking at the chart structure, we've got those equal highs forming a nasty resistance ceiling while some surprisingly resilient lows are holding the bottom.

If Bulls Take Control:

  • Price might actually respect that 4230 demand zone (rejection block)
  • Break through those stubborn 4410-4425 equal highs
  • Could rally toward 4500, possibly extending to 4650 rejection block

If Bears Win Out:

  • ETH fails to hold at 4230
  • Drops below 4215-4200 support
  • Opens up a trapdoor to deeper levels around 4100-4050

Key Levels to Watch:

  • Resistance: 4410 / 4500 / 4650
  • Support: 4230 / 4215 / 4200

I've been watching this range for days now and honestly can't decide which way it'll break. The market seems indecisive too - typical crypto! Will ETH finally push through those equal highs or are we due for another trip down to test demand zones first? I'm leaning bearish short-term but wouldn't be shocked if whales push us higher when everyone least expects it.

What's your call? Think ETH has the strength to break resistance or will it need to retest support first?

ETH2.02%
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