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#Ethereum Moving within a parabola structure, but the current price is exactly in the main resistance zone (2.38K–2.42K), an area that has consistently caused rejections in the past.
This is a level to watch closely.
Given the history of this zone, I expect a rejection from here rather than an immediate breakout.
The move to resistance has been aggressive, and this type of structure often leads to reactions in major supply areas.
That said, there are many news and events today, so volatility could increase and influence price behavior around this level.
For now, all focus is on this resistance.
I will monitor carefully and will update as needed.
#ETH $ETH