ETHUSDT is consolidating right above the strong demand zone at $1,880–1,900 after the deep pullback from the $4,000+ peak, with volume starting to balance out again.
The $2,470 area above is a clear resistance, aligning with dense POC/volume clusters, forming a defined trading range of 1.88x–2.47x for two-way plays.
Holding the current lows with good absorption around 1,900 sets up a logical retracement to test 2,470; losing 1,880 triggers more selling and opens a new markdown phase. Stay disciplined—this is range trading time: wait for clear reactions at the edges instead of chasing mid-range noise
The $2,470 area above is a clear resistance, aligning with dense POC/volume clusters, forming a defined trading range of 1.88x–2.47x for two-way plays.
Holding the current lows with good absorption around 1,900 sets up a logical retracement to test 2,470; losing 1,880 triggers more selling and opens a new markdown phase. Stay disciplined—this is range trading time: wait for clear reactions at the edges instead of chasing mid-range noise
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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.