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$ETH has spent nearly 4 years trying to find balance in the $2100–$2250 region (red box).
Every interaction with this level has led to aggressive reactions, either to the upside or downside, which clearly defines it as a high importance zone.
• Right now, price is trading below this range and consolidating under it after losing it as support in Feb, now treating it as resistance.
As long as the price remains below this zone while being in a macro downtrend, the PA remains weak.
No strength → no bottom.
Don’t look for reversals until the market starts showing acceptance back above key levels.
#ETH #ETHUSDT