Thoughts on ETH's current range and potential break
Been watching $ETHUSD pretty closely around this 1900-1925 area today. It's interesting how it's really hugged the 1920s resistance from earlier this week, almost like it's taking a breather before deciding its next move. I'm seeing a bit of a coil forming here, and a clean break above 1925 on decent volume could certainly signal a push towards the 1950s, maybe even 2000 if momentum really kicks in.
However, the flip side is also very much in play. A sustained rejection from this level, particularly if we dip below 1910 and can't reclaim it, would strongly suggest this consolidation is actually a prelude to a downside move. My primary invalidation for any upside scenario would be a clear close below 1900. At that point, I'd be rethinking things pretty hard and looking at the lower 1800s again.