⏳ Summary:
Ethereum has been moving sideways for 6 straight weeks, printing back-to-back doji candles — a rare phenomenon in any market. Price is trapped, pressure is building, and volatility is near its breaking point. History shows: after this much indecision, a violent breakout is almost inevitable.
🚨 What’s Happening?
6 consecutive weekly dojis — this kind of tight-range compression hasn’t been seen on ETH in years.
Price is squeezed between $ 2,500 support and $ 2,620 resistance.
Volume has dried up, and momentum is fading (RSI flat, wedge breakdowns on 4H/1D).
Bulls and bears are in a deadlock… and that never lasts long.
The longer the coil, the harder the snap.
🎯 Trading Roadmap (No Fluff):
📈 Bullish Breakout Trigger: Weekly candle close above $ 2,620 → Potential rally to $ 2,745 and $ 2,880 (Fib zones).
📉 Bearish Breakdown Trigger: Daily or weekly close below $ 2,500 → Expect a flush to $ 2,300 and $ 2,120 support levels.
🎯 Manage risk tight. This setup offers clean invalidation and powerful upside/downside potential.
📊 Why This Matters:
Markets don’t go silent for 6 weeks without a reason. ETH is gathering energy like a coiled spring — and once direction is decided, it can move fast and far. This is the kind of setup traders wait weeks to catch.
🤔 What Do You Think?
Is ETH quiet before the pump, or are bears waiting to break it down hard?
🗨️ Drop your thoughts, charts, or counter-setups below!
Ethereum has been moving sideways for 6 straight weeks, printing back-to-back doji candles — a rare phenomenon in any market. Price is trapped, pressure is building, and volatility is near its breaking point. History shows: after this much indecision, a violent breakout is almost inevitable.
🚨 What’s Happening?
6 consecutive weekly dojis — this kind of tight-range compression hasn’t been seen on ETH in years.
Price is squeezed between $ 2,500 support and $ 2,620 resistance.
Volume has dried up, and momentum is fading (RSI flat, wedge breakdowns on 4H/1D).
Bulls and bears are in a deadlock… and that never lasts long.
The longer the coil, the harder the snap.
🎯 Trading Roadmap (No Fluff):
📈 Bullish Breakout Trigger: Weekly candle close above $ 2,620 → Potential rally to $ 2,745 and $ 2,880 (Fib zones).
📉 Bearish Breakdown Trigger: Daily or weekly close below $ 2,500 → Expect a flush to $ 2,300 and $ 2,120 support levels.
🎯 Manage risk tight. This setup offers clean invalidation and powerful upside/downside potential.
📊 Why This Matters:
Markets don’t go silent for 6 weeks without a reason. ETH is gathering energy like a coiled spring — and once direction is decided, it can move fast and far. This is the kind of setup traders wait weeks to catch.
🤔 What Do You Think?
Is ETH quiet before the pump, or are bears waiting to break it down hard?
🗨️ Drop your thoughts, charts, or counter-setups below!
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.