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$ETHUSD - End of Month Range Probabilities
Watching $ETHUSD closely here at 1878.53. I'd put the probability of staying within the 1850-1920 range by month-end at roughly 65%. On one hand, we've seen some consolidation, implying a possible coiled spring. On the other, overhead resistance has been pretty sticky and volume isn't screaming conviction.
Alternatively, a move towards 1950+ by the 30th has about a 25% chance if we get a strong liquidity push. Conversely, a retest of 1800 or lower by month-end feels like a 10% shot, unless macro sentiment turns significantly sour very quickly. My base case remains sideways accumulation for now.
2 comments · 1 points
That's a pretty tight range you're looking at for ETH. What sort of catalyst do you think would push it above 1920 if the volume isn't there for conviction right now?