9 hour ago
1 0
Ethereum Stagnates Amid Indecision, Traders Await Clear Trend
Ethereum Market Update:
- Ethereum ended the session with an indecisive close, indicating no clear immediate direction.
- The weekend is expected to bring thinner liquidity, requiring patience for clearer trading opportunities.
- Daily and weekly candles closed without conviction, suggesting market hesitation and making it difficult to establish a strong directional bias.
- A healthier price action from ETHBTC is needed for Ethereum to develop a clearer trend.
- Ethereum is trading near the $2,800 support zone. Holding this zone maintains its structure, with potential for a bullish move towards $3,700 resistance.
- Short-term scalp opportunities may arise over the weekend, though expectations are moderated due to indecisive conditions and lower liquidity.
Range-Bound Action:
- Intraday charts show choppy price action confined to a narrow range, lacking momentum for a clear trend.
- A break below $2,880 could signal bearish decline, while a move above $3,060 might lead to sustained upside.
- Current conditions require patience, waiting for a more mature chart structure before engaging in high-probability trades.
