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#ETHTrendWatch – Ethereum Market Structure Update 🚨
Ethereum is currently in a compression phase — volatility exists, but directional conviction is limited. Price is rotating within a defined range, showing positioning, not momentum.
📊 Key Levels:
Support: ~$3,000 ✅ Buyers active on pullbacks
Resistance: Mid-$3,000s ✅ Sellers defending higher levels
💡 Technical Takeaways:
Price remains above the 200-week MA, preserving the broader bullish framework
Volume spikes near support → accumulation
Volume thins near resistance → profit-taking, capped rallies
Range-bound market suggests energy is