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Does Ethereum have enough gas left for this move?
We’re sitting at 2,337 right now and it feels like $ETH is just pacing back and forth. If you look at the recent candles, we keep getting rejected every time we try to push past that 2,400 area. It’s a stubborn ceiling.
On the flip side, the 2,260 range seems to be holding up as decent support for now. We are basically stuck in a sideways box while the rest of the market tries to decide where to go. Volume is okay but nothing crazy.
If we can actually close a daily candle above 2,464, I think we finally see some real momentum. Until then, it’s just a lot of noise and ranging.
I’m staying patient on this one. No need to force a trade in the middle of a chop zone.
Are you buying this consolidation or waiting for a cleaner breakout?
#GateSquareMayTradingShare #BitcoinVolatility