Is ETH dead water or a micro ripple?

Over 1610, short at 1660, don’t be fooled into selling during sideways trading!
The longer it consolidates, the more explosive the breakout— but you need to be on the right side.
News: The cost line is at $700, far away.
Ethereum’s on-chain cost baseline is only $700, currently at 1645, still well above that, indicating it’s far from the “bottom.”
Don’t use this as a reason to buy the dip.
Technical: 1-hour sideways, daily chart still bearish.
1-hour chart: BOLL bands narrowing, price between the middle and upper bands, RSI at 57, neutral.
Range between 1610-1660, difficult to break above or below.
Daily chart: BOLL lower band at 1479, MACD bearish crossover, RSI at 32.
The overall trend remains bearish; rebounds are opportunities to short.
Liquidation map analysis:
There are long positions clustered around 1610, with major players possibly first pushing up to trigger longs before pulling back.
Above 1660, there’s a short zone; a rebound here is likely to trigger a fill.
Personal view:
Long around 1610, target 1640-1660;
Short around 1660, target 1630-1610.
If the range doesn’t break, trade back and forth; if it breaks, chase the move!
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