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$ETHUSD showing some interesting consolidation after the recent leg up
Been watching $ETHUSD closely the past few days, and it seems to be establishing a pretty tight range after that push. We saw it touch nearly 1880.40 earlier today, and it’s settling around 1867.41 as I write this. What I'm seeing is a potential flag forming around the 1840-1880 area. If it can hold above that 1842.00 level consistently, I think we could see another attempt at breaking higher, maybe towards 1900. The risk, for me, would be a clean break and close below 1840.00, especially if it loses the 1820.00 support on a retest – that would likely invalidate this constructive consolidation and open up a move back towards the 1800s. Just my read, of course, always open to being wrong here.
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