Most traders view this sideways range on
$ETH as boring stagnation, but this tight consolidation is actually priming a massive breakout.
After a strong rally, price has been box-bound between the demand support zone at $1,800–$1,850 and overhead resistance at $1,980–$2,000. Bollinger Bands are squeezing tightly on the 4-hour chart, signaling that volatility is compressing before the next big directional move.
The repeated retests of the green demand zone show buyers consistently absorbing supply around $1,850. Once price clears the upper resistance ceiling, the unwinding of short positions co